Nate The Great
Member
My speculation is that the former owner(s) expected money to flow in without any investment on their part. COVID disruption lingers when you're trying to run just on profit from sales - particularly when sales are dependant on parts you can't get without some upfront investment. I haven't heard any of this from insiders, just reading between the lines of what competitors say.
Investors actually wanting to run a business understand investment, as this group's letter clearly shows. A lot of good people at HM, they'll be fine.
If I remember correctly reading you guys beta-tested a X-drive, how did that work out? I've seen one going for cheap..