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Old 02-05-2008   #1
DannyCox
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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   #2
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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   #3
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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   #4
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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   #5
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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   #6
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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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Old 02-07-2008   #7
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Default Re: DeeCash proves they have more money than sense

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Originally Posted by gonzo View Post
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.
didn't jason tucker win pornkings in a lawsuit judgement?
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Old 02-07-2008   #8
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Default Re: DeeCash proves they have more money than sense

Quote:
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If he paid more than 100K for it my guess is he will end up sorry....

dee said he paid between 1.1m and 2m for it

But you have to realize what emmanuel said. He pays very low wages in the philiipines for his staff so its much different then having to pay 30k-50k a year for one person here

he gets 5-7 people a year at that pay rate
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