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$12 Million+ investment yields a $60,000 return in a bankruptcy auction
Important notice: In the Summer of 2007, Speaking Roses filed for bankruptcy. The company’s intellectual property was acquired out of that bankruptcy by several of the former founders of Speaking Roses. Those founders then restarted the company as a new entity and are now trying to market Speaking Roses as a bizopp distributorship. Therefore, the Company discussed in the post below was the “old” Speaking Roses not the newly founded Speaking Roses. However, the founders and investors of the “new” Company were also the founders and managers of the old publicly traded (now bankrupt) Speaking Roses.
If you came here looking for information on the new Speaking Roses bizopp please consider the following: I encourage you to look at ANY investment opportunity very closely. I encourage you to perform thorough due diligence. I encourage you to specifically look at the management team of the business you are seeking to invest in. Look at their track record, skill set, and ask for personal references. Demand the company produce financials. The last thing you want is to invest cash upfront only to have the company go bankrupt soon thereafter. I encourage you to do a detailed financial analysis of the “opportunity” with your accountant. You should also perform a detailed analysis of your local market. You should have an attorney review any and all paperwork given you by the company. Finally, get valid references and drill them on the “opportunity” and how its working for them. Be as specific as possible in all your questions and research. Â
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OK, I said I wasn’t going to blog about these guys anymore so I won’t mention their name.
I really wish I could have been at this bankruptcy auction.
So sad. Â