Quote:
Originally Posted by Slappin Fish
You write too much and don't read enough.
It has been explained a couple of times already.
The debt doesn't come from a bad business model, or AFF being unprofitable, but from the purchase itself.
The debt has been dumped on AFF's books and now cash needs to be raised to pay the previous owners. AFF is having to pay for AFF.
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Thanks for explaining to me how it all works pimp.
And you're right. I don't put a lot into the wild theorizing that goes on from faceless people on GFY who write about stuff they are unfamiliar with but do so with a very authoritative tone.
What I was trying to communicate was that the business model itself is losing money on a HUGE scale on a monthly basis. And they aren't gonna be able to pay off any loans when the business is losing money. So GFY genius.