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Skully has crashed and burned

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Re: Skully has crashed and burned

#111

Earlier quoted context omitted.

My question is that with 10 trillion dollars in bonds that the lender now has to pay in order to lend to the Swiss / US / Japanese governments, just how good does the likely return on startups have to be to get some of that money re-investing? Or is it simply that with wars, elections, terrorism and Brexit, everyone is scared?

Wars, elections, terrorism have always existed, and if by "elections" you mean Trump, business in general would not care (of course, some businesses may benefit more from this or that candidate). Business has been and is being done regardless of politics for ages. The guy who organized the already heavily ailing GDR (East Germany) another 5 billion DM credit in 1983 was the most right-wing party head of Germany at th…

Unless we are seeing the end of VC, then there should always be a new up and coming business. In which case there should always be an investment opportunity - and at expected returns better than negative.

Installation of renewable energy, mobile network roll outs, basic R&D for science, that alone could consume a few hundred billion globally and the returns would be 10% or better. (Sell electricity to 3bn people in india and China at 100usd pa / house - approx 100bn pa marketplace there)

I refuse to believe "well that's it lets stop making new businesses"

Re: Skully has crashed and burned

#112
post #20

How did payments work for this? In the UK - I don't know about the US where this was presumably 'on sale' - you can issue a chargeback against the credit card company if a sale falls through in this manner.

Most of the time, credit cards are not charged until goods are shipped. In any case you can do a chargeback and are protected by the Fair Credit Billing Act: https://en.wikipedia.org/wiki/Fair_Credit_Billing_Act

My original post may have been incorrect if Skully was crowdfunded-- in that case FCBA does not apply
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