1/ The most important thing in business is working w people who have character. Looks like Pax learned the hard way Chuck has none. https://twitter.com/BrowningMachine/status/864512230355763200 …
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Replying to @MorlockP
2/ I had a similar problem. Was good friends w someone for 20 years. Went into business w her. Bc she was a great friend I basically >
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Replying to @MorlockP
3/ Gave her $20k of inventory + other assets for $1. Wanted to see her succeed. She betrayed my trust. Ran the firm into the ground
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Replying to @MorlockP
4/ ...largely through her own laziness. Had reports from folks who visited office day-to-day. Watching TV, !@#-ing around, not doing work.
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Replying to @MorlockP
5/ Abused my friendship to run up thousands of dollars of contracting service (at cut-rate prices), while not paying me.
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Replying to @MorlockP
6/ When she ran into more problems I loaned her cash to pay her mortgage. All this time she was taking cash out for her own needs.
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Replying to @MorlockP
7/ How do I know? Later on she handed me piles of paperwork...including all bank records showing her own withdrawls while pleading poverty
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Replying to @MorlockP
8/ When I built the firm I mortgaged my house, bc it takes capital to launch something. (Also takes 60 hr work weeks).
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Replying to @MorlockP
9/ I got multiple promises all along that I'd get paid. Both from her and another officer in the firm.
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10/ I won't go into the full story (lest I stroke out), but when she sold an investment property and had $50k land in her lap, instead of
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Replying to @MorlockP
11/ paying me all the things she'd promised again and again, she decided to take a vacation w her family.
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Replying to @MorlockP
12/ Then, with what's left, she decided that she should set up a nest egg. She only had $10k left after other "real" debts to CC and such
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