Quote:
Originally Posted by Splave
No I just dont know what the deal is, hes trying to start a cooling business but needs more capital?
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That is exactly what he is trying to do. Plus dont forget the fact that he is not a builder so he will need to find some one to build all these units.
He tried this with me long ago and wanted something like $5k to be a partner, then I would be the west coast builder, plus a ton of other things we left up to me. I never never built a unit
Back then when he proposed a business plan to investers etc he estimated his company would sell ~100 units a month.
Of course I did not do this.
Don is famous for shipping things that never shipped and then getting renbursed for lost goods. In fact the only Magasuck unit that was ever made was not built by him, but NOL, it was purschased by several people, damaged, lost etc and in the end I think he was paid something like 3x's for that one unit, which does not work now or has worse performance than any phase unit out there.