Cigarette Racing - 22 year old CEO
03-28-2023 | 12:30 PM
#212
VP of the tickfaw200
Joined: Jul 2007
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From: baton rouge, louisiana
the have the molds and build new top caps being made in texas now. so guessing they bought the hull molds. DW changed the hulls for dw boats every few years anyways. would bet you see a new hull from them coming. also lots of other DW hulls out there under a different names after they moved on from them
04-02-2023 | 01:38 PM
#213
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Joined: Oct 2004
Posts: 1,499
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From: Newbury Park, CA
I would not want to be working for a 22 year old CEO. You will just end up arguing with someone with no business or management experience. When I was in my early/mid 20s, I worked for some engineers in their early 30s who were promoted to managers. Horrible managers, all of them. They had no clue on how to develop employees. The company gave them a few management classes, and declared them managers. Putting a title on someone does not make them a manager. You don't really hit your stride as a manager until about age 40. Finally, I got transferred to a different department with older managers. Night and day difference. I was much happier, and performed better as an employee, too.
04-04-2023 | 07:09 PM
#214
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Posts: 6,192
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From: Lafayette,La
All they will be worried about is the latest iphone so they can find out where free food is at cause there starving because they didn't learn how to do anything productive /work ethic other than finger fuka screen.
04-05-2023 | 04:17 PM
#215
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0.79 USD−0.085 (9.72%)today
Better sell more merch............
Makes sense why he bought 100 million+ in real estate on the same street and all these goofy businesses outside their niche. Those "assets" will be able to be sold in the future to recoup some cash whereas the stock price may never return to $10 (or even $1)
Better sell more merch............
Makes sense why he bought 100 million+ in real estate on the same street and all these goofy businesses outside their niche. Those "assets" will be able to be sold in the future to recoup some cash whereas the stock price may never return to $10 (or even $1)
Today’s close at 0.64.
Wonder if the journalists will change their reporting to “former billionaire”. Still a way to go before that though.
On a serious note, I remember people on here saying they thought it was a good buy. I hope they didn’t follow through
04-05-2023 | 06:26 PM
#216
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Joined: Jan 2006
Posts: 3,601
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From: taxachusetts
maybe they shorted the stock.
04-12-2023 | 06:34 AM
#217
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Posts: 11,904
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What happens when a 4.5X Billionaire quits and then writes a scathing letter against a newly minted billionaire......
https://www.miaminewtimes.com/news/b...-ruiz-16693982
In total, we handed the company in excess of $1.4 billion in June 2021, less than two years ago," he added. "Fast forward to today, this management team has expended nearly all this cash, and the company has not enjoyed any demonstrable improvement in its core profitability.
Better get that sweatpants marketing plan back on track!
https://www.miaminewtimes.com/news/b...-ruiz-16693982
In total, we handed the company in excess of $1.4 billion in June 2021, less than two years ago," he added. "Fast forward to today, this management team has expended nearly all this cash, and the company has not enjoyed any demonstrable improvement in its core profitability.
Better get that sweatpants marketing plan back on track!
04-12-2023 | 06:44 AM
#218
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https://www.law.com/dailybusinessrev...20230312073807
Sure hope Skip took CASH and not the stock. Apparently the founder of LifeWallet was forced to take stock and a 300K job. Ruiz told him the stock was going from $10 to $30 or $40 so you can imagine how thrilled the guy is now with no job an stock worth 92 cents a share.
Could you imagine having a "gentleman's agreement" with Ruiz........
Critically, Ruiz told Menendez that the APA could not yet be signed for (unexplained) reasons pertaining to the public offering, but that he should consider the deal binding as a ‘gentleman’s agreement,’” Menendez wrote in the lawsuit. Menendez asserted that the deal over the asset purchase agreement was evidenced in the October 2021 public announcement.
Sure hope Skip took CASH and not the stock. Apparently the founder of LifeWallet was forced to take stock and a 300K job. Ruiz told him the stock was going from $10 to $30 or $40 so you can imagine how thrilled the guy is now with no job an stock worth 92 cents a share.
Could you imagine having a "gentleman's agreement" with Ruiz........
Critically, Ruiz told Menendez that the APA could not yet be signed for (unexplained) reasons pertaining to the public offering, but that he should consider the deal binding as a ‘gentleman’s agreement,’” Menendez wrote in the lawsuit. Menendez asserted that the deal over the asset purchase agreement was evidenced in the October 2021 public announcement.
04-12-2023 | 12:16 PM
#219
VP of the tickfaw200
Joined: Jul 2007
Posts: 2,126
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From: baton rouge, louisiana
https://www.law.com/dailybusinessrev...20230312073807
Sure hope Skip took CASH and not the stock. Apparently the founder of LifeWallet was forced to take stock and a 300K job. Ruiz told him the stock was going from $10 to $30 or $40 so you can imagine how thrilled the guy is now with no job an stock worth 92 cents a share.
Could you imagine having a "gentleman's agreement" with Ruiz........
Critically, Ruiz told Menendez that the APA could not yet be signed for (unexplained) reasons pertaining to the public offering, but that he should consider the deal binding as a ‘gentleman’s agreement,’” Menendez wrote in the lawsuit. Menendez asserted that the deal over the asset purchase agreement was evidenced in the October 2021 public announcement.
Sure hope Skip took CASH and not the stock. Apparently the founder of LifeWallet was forced to take stock and a 300K job. Ruiz told him the stock was going from $10 to $30 or $40 so you can imagine how thrilled the guy is now with no job an stock worth 92 cents a share.
Could you imagine having a "gentleman's agreement" with Ruiz........
Critically, Ruiz told Menendez that the APA could not yet be signed for (unexplained) reasons pertaining to the public offering, but that he should consider the deal binding as a ‘gentleman’s agreement,’” Menendez wrote in the lawsuit. Menendez asserted that the deal over the asset purchase agreement was evidenced in the October 2021 public announcement.
I have made one gentlemans agreement in the boating world and got burned. now watching the new people screw up a well oiled event. hope skip made out with the right deal.
