|
Registered
Join Date: May 2015
Location: San Francisco & San Diego CA
Posts: 2,313
|
Sounds like every other working capital constrained business that starts robbing Peter (the most recent car / owner in the door) to pay Paul (one, or more, of the previous cars / owners in the door). It doesn't necessarily start out that way, but, essentially, it turns into a Ponzi scheme. See: Motor Meister, California Porsche Restoration, etc, etc, etc, etc. Outside of our little slice of automotive heaven, Bernie Madoff, etc, etc, etc. Unfortunately, it's a tale as old as time.
Is that correct in this instance?
__________________
Frank Amoroso
911 M491 / M470 coupes:
1987 GP Wht / Blk "Apollo"
1987 Gemini Blue / Blk "Gemini"
1989 GP Wht / Blk "Vents"
|