02-25-2004, 03:20 PM
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CC Member/Contributor
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Join Date: Feb 2000
Location: Greenville,
SC
Cobra Make, Engine: 70 Shelby convertible, ERA-289 FIA, 65 Sunbeam Tiger, mystery Ford powered 2dr convertible
Posts: 12,736
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Not Ranked
Such a deal, you not only get to buy 50% of the company for $20,000, but you also assume $86,000 in debts and outstanding loans:
" HAVE THE FINANCIAL STRENGTH TO SIGN FOR THE CURRENT BANK BUSINESS LOAN WITH AN OUTSTANDING BALANCE OF APPROXIMATELY $86,000.00. "
But wait, there is more,
"TEAM-C-RACING WILL NOT BE PROFITABLE IN 2003, DUE TO A LACK OF SALES IN THE SECOND HALF OF THE YEAR"
What about projected sales in 2004, certainly there must be business for the company that is already booked(then again, you think FFR's rollbar is high, wait till you see an actual Venom up close)..................
Sure makes me want to go out and purchase half the company......All I can say in closing is "let the bidder beware".................
Bill S.
PS: (Edit). no cars sold on Ebay, even though they flooded the market with them over the last three plus months............
Last edited by mrmustang; 02-25-2004 at 03:24 PM..
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