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JS on Smart Investor (video interview), page-195

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thepennypinch

226 Posts.

41

16/03/18

07:26

Post #: 31794634
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Originally posted by MJS ↑

A ponzi scheme wouldn't just be replacing one debtor with another. It would be this:

# prospective paying customer financed, oops sponsored (they are certainly NOT customers with contracts to pay initially)
# the upfront 35% payment to BIG provides their working capital
# customer does NOT take out the subscription
# BIG needs to sign up AT LEAST 2 prospective paying customers - one to replace the one who decided not to subscribe, and another to provide working capital for them to stay in business
# cycle repeats with the 2 becoming at least 3 ...

Sure, the odd one is subscribing. However BIGs last anny didn't make it seem anywhere near a high %. In fact, apart from their advertising revenue it seemed very possible there were close to no monthly paying subscribers given they even attributed the US sales to a "sponsorship" arrangement there.

Anyway, not saying that is what happened. Just how it would work in theory. People can make their own decisions.

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That is literally what I described above. It's like talking to a brick wall.

BIG Price at posting: $2.22 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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