I assume that with all this going on Gameface is not likely to find an investor willing to shell out what must be several million dollars to keep this ship afloat. That unfortunately means the downward spiral is inevitable. It would be unlikely that any prospective new money would flow in with the current condition of the debt ratios bad publicity and what appears to now be a shift away from using GFM by some race directors. I hope the New Year brings better luck for this venture but GFM will need to watch the cash flow and hopefully perfect their business model to better support event participants.
It was not inadvertent that I ignored your previous post which was not addressed to anything I wrote. It simply made no sense as OKshooter alluded to.
However, as you quoted me before your current post suggesting there is some logical connection between the two when there is not and at the risk of rudeness I suggest you learn the distinction between debt and equity before formulating analogies using either term or speculating on the financial condition of a company that I must assume you don't have any direct relationship with let alone access to it's financials, debt ratios or otherwise.
You assume they won't raise new money when they just did ?
Whether most early stage venture companies live or die typically does not depend on short term profitability-- the vast number of which run at a loss and burn through cash -- but on their future prospects as perceived by the venture capital community and down the road possibly by some investment bank that can unload it so to speak on the public in an IPO or as valued by an acquiring firm.
Dec 27, 2016 at 03:29 AM
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