Clarification of the $16M Offer

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Jon

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Jun 21, 2006
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Well, apparently the people who made the offer were shown the thread I made reporting on the $16M and decided to call and clarify a mistake that was made. Here goes:

The offer was actually for the ENTIRE company, not just WickedFire. The parent company of WickedFire is Coastal Synergy. Apparently there was a miscommunication, and the offer was for the whole thing. Which includes the four other major properties/projects that we own and operate. WickedFire is just one of the five. The others include the major publication we are in the process of acquiring (will be announced soon via press release on PRWeb), our private affiliate program (launched last week with a goal of over 255 niches), WickedFire, our major shopping forum and deals/coupon site (we manage with the owner), and our MFA project that has over 100k pages for roughly 6k niches.

Now what really pissed me off here is that they claim they were under the impression that WF was the parent company, not Coastal Synergy. So the offer wasn't just for the forum, but for everything which has a value of roughly $7M total (as of December 2006).

So if they see this post now, I hope they understand what kind of shit they had me go through, being bashed, and whatnot. But also, what kind of fucking company makes an offer to someone when they don't even know who the parent company is!?!!?!?!? Not to mention, to have AT LEAST told me that it wasn't JUST for the forum, but for ALL of our projects.

I'm not trying to play the role of the victim here either. I know the offer was legitimate, and that the company making it was real too. They apologized enough over the phone today too, which is great and all, but I will say that now I believe if someone were ever to come to me from that company again, I will simply hang up on them before they can make any type of offer, because anyone willing to pitch that kind of cash out offer should know at least what they are talking about, who the parent company is, and define CLEARLY next time what it is they were trying to buy.

In some ways I feel lied to, and made a fool of, but in other ways I'm kind of glad to have learned the truth about it before it got too out of hand. Let's face it, $16M for a forum that doesn't generate any revenue is definitely tough to believe, but now that it's been explained that it was for our WHOLE company, I believe it a hell of a lot more, but also question whom they hired to do the research. Although I am pretty impressed that they were able to name all of our projects, even the ones I never mentioned on here or anywhere else.

Either way, I'm glad I rejected it and didn't come back to learn that I was selling my whole company for a price I will beat in less than a year's term.

I'm closing the other thread, because all of this is just plain pointless now.. If you want to continue your bashing sprees, do it here, or save it to when you see me in person in Vegas in under 2 weeks.
 


and there you have it... finally everyone can stop whining and complaining... jon I think you should just close this thread - everyone already did enough bitching in one thread to fill up all of 2007

like i said before: let's move on...
 
Don't take credit for anything Brandon. You said I lied and I didn't. That's what you need to work on chaging, the fact that you're a fool.
well I think he just said the post was bullshit, as did most of your members. I dont remember him calling you a liar but I would have to go back and check..and fuck that.
 
I have to give it to you, this explanation is creative. But it just doesn't add up. I quote from the old post:

"I brought to his attention that we have ZERO revenue here, and that we are under a year old. Even if we had revenue coming in, I doubt it would go anywhere over the $2M/year mark. He said something to the tune of "I've been hearing a lot about your forum, and if it's grown that quickly at such an early stage, I'm kind of shocked that no one has made a similar offer for it sooner". Well, we did have an offer about a month ago for a few million dollars, but I laughed at the person because I didn't think he was serious."

So the guy was actually buying the parent company, but talked the entire time about WF and how fast it is growing?

That said, lets just move on. This is just causing rifts in the community.
 
well i'm displeased some people were taken for a ride, but not even the -5 billion rep can knock me today. if you guys thought you were smalltime arbi... this bitch just got his OV feed secured.
 
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