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  1. K

    Bankruptcy trend among small firms stuns lenders

    I've worked for large companies in the past. What part of "self-employed" is so difficult for you to grasp?
  2. K

    Bankruptcy trend among small firms stuns lenders

    lol. You're using logical fallacy to attempt to prove your point. Your friend's result was directly attributable to the decisions he made or didn't make. You cannot argue that. When faced with challenges he made the wrong decisions, or didn't make the correct ones soon enough, any number of...
  3. K

    Bankruptcy trend among small firms stuns lenders

    You don't need a crystal ball, you need risk-management and common sense.
  4. K

    Bankruptcy trend among small firms stuns lenders

    That typo should be "shouldn't."
  5. K

    Bankruptcy trend among small firms stuns lenders

    I challenged you to find my post because I know what I said and wanted you to reread it as you clearly got it wrong. Most people would have realized the intent of my comment immediately. You bring up an interesting point about college tuition for kids. Do you think the economy would be...
  6. K

    Bankruptcy trend among small firms stuns lenders

    I don't see your point. He didn't already have the resources to meet his commitment, period. Resources in this case are capital and/or the guarantee of capital, neither which he apparently had. It's vastly different if you have a contract guaranteeing capital in the near-term from a project...
  7. K

    Bankruptcy trend among small firms stuns lenders

    Please link to the post where I said you should have all of your cap-ex prior to signing the lease. I said you need the capital to support the commitment(lease). Having capital to support the first 6 months of the lease and "hoping" the revenue will be there is not supporting your commitment.
  8. K

    Bankruptcy trend among small firms stuns lenders

    Anaconda, you know I don't agree with nearly all of your posts, but it's the Banks/Obama/Space Aliens/Chinese Space Aliens that dress like Obama/Bush Jr./Federal Reserve/Wal-Mart/etc. that are to blame. Everyone is to blame except the individuals that made the commitments. As a nation we need...
  9. K

    Bankruptcy trend among small firms stuns lenders

    Formed the LLC in 2000 - before then did freelance projects with some friends for a few years.
  10. K

    Bankruptcy trend among small firms stuns lenders

    lol - not bitter: I look at it as tuition. :) I don't like pointing fingers. Frankly it irritates me when there is a situation where fingers can be pointed. With regard to the mall store going belly-up, I wasn't pointing fingers, it's blatantly obvious why the store went under.
  11. K

    Bankruptcy trend among small firms stuns lenders

    SN, Insurance is a great example and you yourself admit that no one could start an insurance company if they need the full liable amount. Insurance is a regulated industry. Clothing stores at the local mall are not. You are correct that the banter is fruitless. Perhaps you will...
  12. K

    Bankruptcy trend among small firms stuns lenders

    Clearly you are a sophisticated and professional businessman throwing around language like that. My apologies. First, no one is talking about a 12 year lease - it was 7. Correct yourself. Second, to imply that, how did you put it: that he should sign a lease without knowing if he...
  13. K

    Bankruptcy trend among small firms stuns lenders

    Because this thread is about small firms - so we're trying to stay on-topic. Why are you trying to Change(we can believe in!) the subject? Typical Democrat. ;)
  14. K

    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    I tend to not like your posts, but you are spot-on here.
  15. K

    Bankruptcy trend among small firms stuns lenders

    Yes. We're not talking about politics here so I'll keep things on point and not cloud the discussion. Yes, your friend made a poor decision as the market showed him. McDonalds are franchises, so your comparison is foolish. How about using Sears as a better comparison.(I know they're...
  16. K

    Hmm.. AMZN now also a negative beta stock

    dumb... dumb dumb dumb dumb....
  17. K

    Bankruptcy trend among small firms stuns lenders

    The solution to homelessness, tomorrow, is to give everyone 1 million dollars. Just because we know a solution to something doesn't mean it's realistic. Move to the middle of nowhere, live off the land and dramatically reduce the risk of cancer from processed foods/cell phones/asbestos...
  18. K

    Bankruptcy trend among small firms stuns lenders

    shit, you know. :)
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