All this nonsense about the financial problems with the business IMO is a bit inflated. IMO Most of it is coming from DM the liar.
The others referred to finances as being a stress but most people in business will say that.
They didn't have enough time from hangar completion and licensing to declare it a failure.
DM showed his ignorance in the interview when he didn't understand the term "solvent" when asked "How solvent would your father be if the business didn't work out." He showed his ignorance not knowing he was a 50% owner hesitating to say he was the VP. He showed his ignorance stumbling the term "executor".
Simply, businesses borrow money all the time. RBC would not give a $3 million loan to a company they didn't check out and think would eventually be viable. IMO
DM probably didn't know anything of his father's other investments which isn't talked about but business savvy people often have other investments. IMO
Yes, I understand he sold inherited property as he was trying to do things without borrowing. But that doesn't necessarily indicate business ruin.
I think where DM felt the squeeze is his father might have put a limit on his spending and he didn't like it.
It's interesting that this picture of financial ruin mostly comes from what DM has said, not from looking at the accounting books.
I agree. I was also thinking that this whole plan was just way over DM's head to even conceive. DM's mind was stuck in petty theft of lawn equipment, vehicles, motorcycles, rocks, trees, etc., and wannabe-gangsta at the time. He was into flipping houses I believe I read somewhere? So maybe a few thousand or a few tens of thousands or even a hundred thousand here and there, every couple of years, maybe before costs?
But this plan was huge, which is why WM employed the services of qualified and experienced consultants to help them reach their goals. Nothing it seemed, was out of line. It seems like DM was nit picking on John Barnes about a silly fall arrest system for the employees, even though Barnes admitted he had given the wrong pricing/numbers.
John Barnes and the other fellow were supposed to get clients and investors, and they could NOT do that until DM got his trash out of there and stopped treating it like the communal hangout for deadbeats. Here they had a state of the art, brand new facility, supposed to be spanking clean for pilots serious about their aircraft.. and there he was with his drug dealing rapper friends and their stolen merchandise all over the place, with dirty bathrooms to boot. This was simply out of DM's league, and required actual work on his part.
Remember when DM went away to Vegas and elsewhere for about a month... because he was taking courses? I am assuming WM had insisted that he learn how to do some of the tasks involved in their new business? Wonder what ever became of *that* plan?
jmo
