Things Ex's Do

[cdub503]

Mags what do you do if you don't mind me asking?

 

[jlprk]

The last person who asked now swims with the fishes.

 

[magnifier661]

Mags what do you do if you don't mind me asking?

I posted one of our companies on another thread. We own two companies. One is an environmental company that remediates wastes into fertilizers. The other company manufactures minerals and vitamin supplements.

Deutrel industries

Nu science corp

 

[magnifier661]

The last person who asked now swims with the fishes.

Lol! Promise not illegal!

 

[jlprk]

So your family inherited money, invested in these two companies, and made you the CEO? Or did you ascend from a low level in the companies with no ownership advantage and you know the technologies?

 

[Master Shake]

Go and fuck your friend to try and cause fuckary

 

[magnifier661]

So your family inherited money, invested in these two companies, and made you the CEO? Or did you ascend from a low level in the companies with no ownership advantage and you know the technologies?

No actually, they bought the company borrowing money from family and friends back in 1988. They bought "Deutrel Industries" for $500k because they used to sell to the Japanese. When the Japanese found out we found the originator of the formulation; they ordered a ton of product; but refused to pay. They gave an offer to the old formulator for 3 times our amount offered. And since my father had a contract; they had to force my father to go out of business or not have enough money to pay the entire amount.

Fortunately; my father had family that was able to loan him enough money to pay off the rest of the purchase; and we got the company. Of course my father 86'd that Japanese company being the distributor; and started from scratch. The vitamin and mineral company didn't start until 1997; after they started making money from Deutrel.

I used to be a graphic artist. That was my occupation from 1989-2002. My father asked me to come in to both companies to be their "graphic artist"; developing sales collateral for both companies. When my brother died in 2004; my father asked me to take over as the VP of operations; because he worried about his health. My father passed 6 months later in 2005.

The executives in both companies tried to force my mom to sell; and tried to say their were verbal agreements of "shares given to the executives". We had a 3 year legal battle with the executives; and I was in the middle of it. Eventually; I learned enough about the legal system, product information and corporate finances; that I was able to expose them. They all got fired; our family finally took over the company; and the rest is history.

I don't know if you knew that our family actually was pretty poor at the time we purchased "Deutrel". We just got blessed with success; only until around 2002. We used to be rich before, when we lived in Oregon; but a very bad business decision; forced my parents to declare bankruptcy around 1983. So I was rich, then poor, then mid class, to rich again. I think that's why I try to be humble. I've lived almost every economic class in my short life.

 

[huevonkiller]

Sorry but most rich people pay a lot more in taxes.

And the capital gains tax is not low compared to the rest of the world.

 

[jlprk]

My father passed 6 months later in 2005.

Which month? Mine died in April of that year.

 

[jlprk]

Sorry but most rich people pay a lot more in taxes.

And the capital gains tax is not low compared to the rest of the world.

Taxes can be used to make our lives easier, or they can be used on useless wars exterminating hundreds of thousands of people.

http://usnews.msnbc.msn.com/_news/2012/01/30/10274212-iconic-skiers-death-points-out-us-health-gap

 

[magnifier661]

Which month? Mine died in April of that year.

January 20

 

[PapaG]

This is an indicator of what's wrong with the American economy. Some people just have too much money. They think of a nice house as a commodity that they can just throw into the garbage.

http://www.latimes.com/news/local/la-me-adv-malibu-demolition-20120129,0,5858066.story

Among Point Dume residents who are urging preservation of the house — as well as million-dollar views — are Julia Roberts, Sean Penn, Don Rickles and Chad Smith, drummer for the Red Hot Chili Peppers.

"In my wildest dreams, I would never, ever have thought it would be possible for someone to build closer to our home … and also into the view of what you know is so precious to us and our family," said Smith, who lives next door and is leading the effort to stop the project. "It blows me away that this is possible."

I'm sure the irony will be lost on all of these fools.

 

[PapaG]

Your mother paid 45% of all her income to taxes last year? Or she paid 45% of some small portion of her income? I don't believe it until I hear the exact details.

Have you ever heard of a 1099 corp and how it's tax rate it is impacted by the self-employment tax (15%), federal tax (~15-33%, depending on income), and state and local taxes (~8% for me last year)? I don't even included my property taxes, because they are tied into my mortgage.

Probably not...