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Old 02-05-2008   #1
Toby
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Default Re: DeeCash proves they have more money than sense

They got grilled pretty good last month on a TGP webmaster board. There were a couple of separate issues that each led to affiliates not getting proper credit. The one common thread seemed to be that things were getting done without an appropriate amount of supervisory review prior to being released for use. That tells me that they're already staffed too thin, particularly in regards to key personnel. Another program acquisition isn't going to help that at all.
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Old 02-05-2008   #2
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Default Re: DeeCash proves they have more money than sense

The whole thing has a really classic feel of money laundering about it. But, I really have no idea as to what they are doing. When you look at the programs they have acquired, there are many that just don't fit. It's like they'll buy anything offered to liquidate some hidden cash. Maybe they're happy with 50 on the dollar?
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Old 02-06-2008   #3
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Default Re: DeeCash proves they have more money than sense

hell puppy beat me to it
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Old 02-06-2008   #4
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Default Re: DeeCash proves they have more money than sense

50 on the dollar is a score if your spending it offshore..
Skip the 50 on the dollar.. prolly going straight offshore.

With all they have been aquiring, they have plenty scapegoats to choose where
5 million dollars in losses went *cough
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Old 02-06-2008   #5
emmanuelle
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Default Re: DeeCash proves they have more money than sense

It's easy to build a cash-strong business when your employees cost $200/month and you can live like a king for not much more.
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Old 02-06-2008   #6
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Default Re: DeeCash proves they have more money than sense

Wonder if they got to see the books....?

And in this case, that's not as stupid of a question as you might think....
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Old 02-07-2008   #7
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Default Re: DeeCash proves they have more money than sense

Quote:
Originally Posted by Hell Puppy View Post
Wonder if they got to see the books....?

And in this case, that's not as stupid of a question as you might think....
If Excel Spreadsheets qualified as books they got to.

I know that everyone that was approached on this sale for 2 years was told. No access to bank accounts and no books.
We have an excel spreadsheet.

I think Jason Tucker might have made the same mistake when he acquired Porn Kings . . . but then again werent those 2 companies intertwined to begin with?

I wish the guy good luck with it. If he paid more than 100K for it my guess is he will end up sorry....kinda like Jason Tucker.
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