Don't think anybody's disputing what Terry has done, LG. Or his love for football and the Nix.
Point is, from a purely business point of view, what would you gain from buying an operation that ships around 1 million dollars every year?
Exactly and well said. Should also be noted that the losses would effectively be cash losses as the business has no assets to speak of which would account for the loss in terms of depreciation etc.
If the scale of your business operations is large, a million dollar loss is a handy "asset" to have when your businesses are astutely managed..or dodgyly manipulated..take your pick.
Tax write-offs, for a start, surely?
Being flippant now... Mr Ali Syed's company raised a few eyebrows when its capitalisation went from 53,000 Euros to 1.5 Billion Euros in a very short time.
Not sure of the origin of his money but will be interesting to see if the funds spike again as the Cricket World Cup unfolds in India. I mean, what about the underground economy that is sports betting in India and neighbouring countries..the money has to go somewhere!
RedGed2011-02-22 12:34:19
Improving,,on the up, a work in progress from Italiano and the Nix. Bring on the bathroom bling in '24! COYN!