Auric have you seen the latest ZSUN news. Looks hypey yet bad for the stockholder as usual.
As I read it ZSUN and The McKenna Group are going to go into a partnership. ZSUN puts up the money, The McKenna Group runs thing day to day. The partnership is to invest in up to 20 B2B companies and help develop them. Somehow ZSUN's investor training is going to be meaningful, LOL.
Auric, or Truthseeker or anyone with a brain, the last few years have been the biggest ever for Venture Capital, even the crappiest of business plans had money thrown at it by VC's as long as it was internet. Now we with brains know those days are over, but what I would like to know is can you name a few successful internet companies, or even flops, that made it as far as a stock offering, that the McKenna Group invested in? Bonus points if it's a B2B. Basically what experience do these guys have in this outside of what they say in that PR, which mentions nothing of them ever having done it before.
Also note that the $15mm will be cash and stock, sounds like more dilution since I don't think ZSUN has that kinda cash after paying off the OIA boys.
Basically it sounds like ZSUN, that we've forever been told by touts has great management, is going to let some other guys try to develop something with their money, instead of doing it themselves.
Free advice ZSUN. Forget B2B, it's dead as a buzzword. "Wireless" there's your huckleberry.
CMB |
