Posted On: 08/30/2016 8:49:03 AM
Post# of 74805
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Re: Thczinvestor18 #24515
The things that have worked out far outnumber those that haven't, which is why the things that have worked out should be the dominant factor in the decision to invest or not. Everyone has to draw their own line with risk, but I wouldn't agree with drawing a direct line from the Canadian company's goof and subsequent default to the Chinese company's chances for success. It's like apples to watermelon in my opinion. A very fundamental screw up was made by the guy heading up the Canadian company and he ended up with a purchase he couldn't market in Canada. A sad and costly mistake, and I suppose his father in law may have (or may not have) bailed him out but was pissed off and stepped down from his spot as a director. A catch 22. You can't expect a struggling start up with concerns about debt to go ahead and eat the cost of another company's screw up. That's the whole purpose of a contract. I hold up my end, and you hold up yours. If not, maybe we both lose but it's going to cost much more for the party in breech. I believe the odds to be EXTREMELY LOW that Rocky Mountain High China will go down the same path to failure. I expect we'll see just the opposite from this woman. She sounds like an experienced business pro who's very unlikely to trip and fall on her face due to fundamental oversights. IMHO, if anything, RMHB looks like a safer gamble now than it did a year ago, for damn sure.
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