I'll try to keep this short. I just got back from a meeting at my local Chamber of Commerce. They were hosting a meeting where investors (plural) would be present to meet with local business owners looking to grow/ expend. There was the usual "meet and greet" at the start with refreshments and then the actual presentation started. It's one jew representing a "consortium" of investors (likely other jews) looking to buy and merge local businesses.
In other words, put people out of work. But before I get into that, guess how this jew made his money? Covid testing! They opened a Covid "testing" lab in 2020 -- *obviously shitting out fake results just as fake as the tests and the disease* -- which they sold in '22 for $20m to Quest Diagnostics. Now they go around the country wrecking local economies like Mitt Romney at Bain Capital.
I could see right through his bullshit from the start. They want to buy a local business (let's say two or more plumbing co's, for example), merge them, fire most of the staff, but then immediately use the combined income statements to borrow against the new company's credit and assets. Once they get that money, they either sell the company with the debt or just abandon the company and let the creditors work their way through the courts to foreclose on the shop, tools, machines, etc.
How do I know this?
I played stupid and asked what their terms would be, and it's obviously evil. First, they were only looking to buy a business with a very high Net Profit Margin. Sure, okay. But they also want me and my employees to sign Non-Compete contracts. I understand wanting me to sign one -- *they don't want to buy my business and then have me turn around and immediately compete with them.* That's fair.
But they don't want my employees working for themselves or another firm in my industry because, as I said, they intend to fire people to lower their payroll/ overhead while they shop for a bank to scam for loans they'll never pay back. That's why they want a very high Net Profit Margin, or debts not more than 10% of annual revenue, because they intend to "cash out" that liquidity by taking out loans they will pocket and use to buy and gut the next business. It's Bain Capital all over again.
Keeping my guys out of work and out of the industry would mean a temporary boost in their sales, making their new entity look profitable and more fundable. I'm reaching out to my circle to warn them. I'm hoping they listen, but you can't save everyone.
