David Rosenthal
speaker
40,888 appearances
64 recordings
4 series
first heard Aug 2022
last heard 14 Sep
David Rosenthal’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 12 in all, peaking in Oct 2025 with 3.
Appearances
Yes.
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So of the $6 million target, the plan is that half of that is going to be for expansion capital to go down into Florida and take over these leases.
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And half of that money is going to go to the initial seed investors to cash them out and
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at close to a 2x in, you know, call it a year and a half, two years here.
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Great deal.
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Great deal.
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Great deal, right?
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Fortunately for those investors, the week before the IPO, Bayer calls up Ken and they say, hey, we took this thing on as a favor to you, but in this environment, we can't get the full $6 million deal done.
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We're going to have to cut this thing in half.
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We can only sell $3 million.
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Right.
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So Ken goes back to the existing investors and says, we're just going to let our investment ride rather than cashing out at a slightly less than a 2x.
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That $2 million from the initial Home Depot investor group bought 50% of the company in 1978.
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By not cashing out here at a 2x return, those investors, if they held to today, would have gotten...
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Well north of a 50,000 X return on their capital.
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Check my calculator, but I think it's better than the 2X.
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Yep.
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So the IPO gets done.
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They end up raising a little bit more than three.
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They raise $4 million in total in the IPO at a $32 million initial market capitalization post
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Showing 881–900 of 40,888 · page 45 of 2045
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