Wow. That is, dare I say it, ballsy. I think this is destined to be an interesting anecdote for Mr. Richard later in life. I get the feeling the lawyer, Rory Vohwinkel, is a family friend who does this all the time (Las Vegas is ground zero for, er, marginal corporations).
Interesting note - it's $12,500 for 20% of his company, a typical seed-level investment. I often wonder about the wild and woolly world of penny stocks, but never to invest in. Does anyone know what the downside is for this company if they have no better funding options (and I wouldn't be shocked to find out they didn't)?
Also, this guy's business approach is still far superior to that of the Bulletball guy.
Comments
Wow. That is, dare I say it, ballsy. I think this is destined to be an interesting anecdote for Mr. Richard later in life. I get the feeling the lawyer, Rory Vohwinkel, is a family friend who does this all the time (Las Vegas is ground zero for, er, marginal corporations).
Interesting note - it's $12,500 for 20% of his company, a typical seed-level investment. I often wonder about the wild and woolly world of penny stocks, but never to invest in. Does anyone know what the downside is for this company if they have no better funding options (and I wouldn't be shocked to find out they didn't)?
Also, this guy's business approach is still far superior to that of the Bulletball guy.
http://www.youtube.com/watch?v=WOOw2yWMSfk