General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMike Lindell: My Company Lost $65 Million Because I Claimed Trump Won In 2020
Link to tweet
Play stupid games, win stupid prizes!
Rustyeye77
(2,736 posts)Bucky
(53,755 posts)Why couldn't he lose more?
dickthegrouch
(3,144 posts)If I were a shareholder, Id use that admission in civil court to recover anything Id lost as a result of his idiocy.
ProfessorGAC
(64,184 posts)It's a closely held corporation. He and a few long time financial backers own the whole shebang.
But, he didn't lose $65 million. He lost REVENUES of $65 million. Yearly!!! And, by his own admission will likely never recoup. This suggests that the lost revenue will equal total valuation of the company in around 30 months!!!
The company is only worth $26-27 million in equity with around $123 million in debt. His interest bill is nearly $5 million a year.
With a debt:equity of 4.86, he's not getting an increase to line of credit and losing over 40% of total revenue is going to kill his company.
Just like T---p, he lies about his assets & net worth. His lunacy is going to ruin his cute little junk shop company.
EYESORE 9001
(25,783 posts)it had a hook in it.
Tribetime
(4,659 posts)Initech
(99,881 posts)EYESORE 9001
(25,783 posts)So even if Rodney Dangerfield used it before then, I didn't hear it from him. It sure AF predates Steve-O.
Thomas Hurt
(13,903 posts)Lovie777
(11,890 posts)victimhood . . ... 3....2.....1
sop
(9,846 posts)TwilightZone
(25,266 posts)Now, lose the rest.
Trueblue1968
(17,111 posts)rickyhall
(4,889 posts)Hekate
(89,976 posts)Stuart G
(38,328 posts)demtenjeep
(31,997 posts)lose some more
asshole
FakeNoose
(32,202 posts)SeattleVet
(5,460 posts)Just free enterprise at work...what's his problem with that?
BradAllison
(1,879 posts)FlyingPiggy
(3,368 posts)So I can replace all the pillows in my house (its time).
Bucky
(53,755 posts)ibegurpard
(16,685 posts)StarlightGold
(365 posts)Ill sleep well tonight.
Tanuki
(14,887 posts)VarryOn
(2,343 posts)You gotta be prepared to ultimately have it bite you in the ass.