Industry Expert
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Podcast Appearances
We realized that the price that Kody spent on it might not be fair market value any longer. And that's when we were looking at the revenues to try to figure out what that half of the company would be worth on the open market.
We realized that the price that Kody spent on it might not be fair market value any longer. And that's when we were looking at the revenues to try to figure out what that half of the company would be worth on the open market.
And we said, we kind of realized that that we had been completely misled about, about the revenues. And that's kind of when we started to question things.
And we said, we kind of realized that that we had been completely misled about, about the revenues. And that's kind of when we started to question things.
And we said, we kind of realized that that we had been completely misled about, about the revenues. And that's kind of when we started to question things.
It was in an investor presentation where it said $177 million is the revenue of the past 12 months, or November 2018 to 2019. And they said that's up 40%. from calendar year 2018. So that means that calendar year 2018 would have had to be like 125 million. And we were led to believe revenues were in the 300 million and growing and growing and growing.
It was in an investor presentation where it said $177 million is the revenue of the past 12 months, or November 2018 to 2019. And they said that's up 40%. from calendar year 2018. So that means that calendar year 2018 would have had to be like 125 million. And we were led to believe revenues were in the 300 million and growing and growing and growing.
It was in an investor presentation where it said $177 million is the revenue of the past 12 months, or November 2018 to 2019. And they said that's up 40%. from calendar year 2018. So that means that calendar year 2018 would have had to be like 125 million. And we were led to believe revenues were in the 300 million and growing and growing and growing.
They had also misled us on profit. So they had said that the margins were around 40% and Kylie was making all of that margin. In reality, I think the margins were around 25%. Then there was the issue of ownership.
They had also misled us on profit. So they had said that the margins were around 40% and Kylie was making all of that margin. In reality, I think the margins were around 25%. Then there was the issue of ownership.
They had also misled us on profit. So they had said that the margins were around 40% and Kylie was making all of that margin. In reality, I think the margins were around 25%. Then there was the issue of ownership.
We also learned later that Kris takes 10%.
We also learned later that Kris takes 10%.
We also learned later that Kris takes 10%.
as her manager and homometer.
as her manager and homometer.
as her manager and homometer.
They just kind of ignored us or said, we'll get back to you, we'll get back to you, and they never really did. There was not a comment that they gave us on the record.
They just kind of ignored us or said, we'll get back to you, we'll get back to you, and they never really did. There was not a comment that they gave us on the record.
They just kind of ignored us or said, we'll get back to you, we'll get back to you, and they never really did. There was not a comment that they gave us on the record.