[ucodegen]

The note is unsecured.. which means only recourse is to sue the company if defaulted. You will not be able to sue Bartko because of corporate veil unless illegal conveyance is able to be proven (ie paying himself directly from a good portion of the 10,000)

One thing I am trying to figure out, is the business model.

BUT: ThunderBlaze is investor support for Starfire. As such, ThunderBlaze does not have a formal office. Neither ThunderBlaze or Starfire have inventory or employees that work out of an office. Starfire’s 11 full time employees work from home tracking down ordered products.
As explained on the web site, Starfire receives orders from Fortune 500 companies/aerospace/military for products. Starfire then purchases the products or has the products made and has them shipped to the ordering company that then pays Starfire for the products.

1) Most Fortune 500 and smaller companies have their own purchasing department which do this work.
2) Most Fortune 500 and smaller companies prefer to work directly with the manufacturer (better control of product quality, quantity and delivery times).
3) Military/Aerospace companies tend to buy in bulk.. which is better done directly with the manufacturer.
4) If the 11 full time employees work from home tracking down ordered products, who manages the ordering, scheduling and bookeeping?
5) Why is there a ‘double layer’ of companies? ThunderBlaze acting as agent to ‘Starfire’? It does make it harder to ‘chase the money’.
6) If the sales and profits have grown in excess of 25%/yr for last 5 years, why doesn’t the company have enough money for their own operating capital? They claim they ‘repay’ investors instead of sitting in a bank, but profits are above the costs of investor financing (after the investor has gotten their money back with interest)

If Starfire applied for a loan at a bank, the investment opportunity would be gone by the time the bank approved the necessary paperwork. Starfire’s turnover for each order is normally between 60 and 90 days. Starfire could obtain a line of credit, but with the current banking situation, Starfire couldn’t rely on a line of credit.

Try something called a revolving line of credit.. at 24% annual, most banks would bite.

An order for 10,000 power supplies might cost Starfire $50.00 each. If they sell for $60.00 each, the profit would be $10.00 each. In this example, for 10,000 power supplies the purchase price would be $500,000.00, the sales price $600,000.00, and the profit $100,000.00. Out of that $100,000.00 profit, interest to the investors would be paid along with all of Starfire’s overhead and expenses.

Leaving $70k.. that could have become operating capital… but where did it go? I could see some of it going to wages.. but not many people are needed to track just one order like this..

The owner of Starfire personally guarantees the investment and signs all documents.

Yeah right.. he is behind at least one LLC.. which means his real liability is 0.

Just seems a bit fishy. I used to work at a defense contractor until I was laid off.. and I never heard of “Starfire”..

[ucodegen]

The note is unsecured.. which means only recourse is to sue the company if defaulted. You will not be able to sue Bartko because of corporate veil unless illegal conveyance is able to be proven (ie paying himself directly from a good portion of the 10,000)

One thing I am trying to figure out, is the business model.

BUT: ThunderBlaze is investor support for Starfire. As such, ThunderBlaze does not have a formal office. Neither ThunderBlaze or Starfire have inventory or employees that work out of an office. Starfire’s 11 full time employees work from home tracking down ordered products.
As explained on the web site, Starfire receives orders from Fortune 500 companies/aerospace/military for products. Starfire then purchases the products or has the products made and has them shipped to the ordering company that then pays Starfire for the products.

1) Most Fortune 500 and smaller companies have their own purchasing department which do this work.
2) Most Fortune 500 and smaller companies prefer to work directly with the manufacturer (better control of product quality, quantity and delivery times).
3) Military/Aerospace companies tend to buy in bulk.. which is better done directly with the manufacturer.
4) If the 11 full time employees work from home tracking down ordered products, who manages the ordering, scheduling and bookeeping?
5) Why is there a ‘double layer’ of companies? ThunderBlaze acting as agent to ‘Starfire’? It does make it harder to ‘chase the money’.
6) If the sales and profits have grown in excess of 25%/yr for last 5 years, why doesn’t the company have enough money for their own operating capital? They claim they ‘repay’ investors instead of sitting in a bank, but profits are above the costs of investor financing (after the investor has gotten their money back with interest)

If Starfire applied for a loan at a bank, the investment opportunity would be gone by the time the bank approved the necessary paperwork. Starfire’s turnover for each order is normally between 60 and 90 days. Starfire could obtain a line of credit, but with the current banking situation, Starfire couldn’t rely on a line of credit.

Try something called a revolving line of credit.. at 24% annual, most banks would bite.

An order for 10,000 power supplies might cost Starfire $50.00 each. If they sell for $60.00 each, the profit would be $10.00 each. In this example, for 10,000 power supplies the purchase price would be $500,000.00, the sales price $600,000.00, and the profit $100,000.00. Out of that $100,000.00 profit, interest to the investors would be paid along with all of Starfire’s overhead and expenses.

Leaving $70k.. that could have become operating capital… but where did it go? I could see some of it going to wages.. but not many people are needed to track just one order like this..

The owner of Starfire personally guarantees the investment and signs all documents.

Yeah right.. he is behind at least one LLC.. which means his real liability is 0.

Just seems a bit fishy. I used to work at a defense contractor until I was laid off.. and I never heard of “Starfire”..

[ucodegen]

The note is unsecured.. which means only recourse is to sue the company if defaulted. You will not be able to sue Bartko because of corporate veil unless illegal conveyance is able to be proven (ie paying himself directly from a good portion of the 10,000)

One thing I am trying to figure out, is the business model.

BUT: ThunderBlaze is investor support for Starfire. As such, ThunderBlaze does not have a formal office. Neither ThunderBlaze or Starfire have inventory or employees that work out of an office. Starfire’s 11 full time employees work from home tracking down ordered products.
As explained on the web site, Starfire receives orders from Fortune 500 companies/aerospace/military for products. Starfire then purchases the products or has the products made and has them shipped to the ordering company that then pays Starfire for the products.

1) Most Fortune 500 and smaller companies have their own purchasing department which do this work.
2) Most Fortune 500 and smaller companies prefer to work directly with the manufacturer (better control of product quality, quantity and delivery times).
3) Military/Aerospace companies tend to buy in bulk.. which is better done directly with the manufacturer.
4) If the 11 full time employees work from home tracking down ordered products, who manages the ordering, scheduling and bookeeping?
5) Why is there a ‘double layer’ of companies? ThunderBlaze acting as agent to ‘Starfire’? It does make it harder to ‘chase the money’.
6) If the sales and profits have grown in excess of 25%/yr for last 5 years, why doesn’t the company have enough money for their own operating capital? They claim they ‘repay’ investors instead of sitting in a bank, but profits are above the costs of investor financing (after the investor has gotten their money back with interest)

If Starfire applied for a loan at a bank, the investment opportunity would be gone by the time the bank approved the necessary paperwork. Starfire’s turnover for each order is normally between 60 and 90 days. Starfire could obtain a line of credit, but with the current banking situation, Starfire couldn’t rely on a line of credit.

Try something called a revolving line of credit.. at 24% annual, most banks would bite.

An order for 10,000 power supplies might cost Starfire $50.00 each. If they sell for $60.00 each, the profit would be $10.00 each. In this example, for 10,000 power supplies the purchase price would be $500,000.00, the sales price $600,000.00, and the profit $100,000.00. Out of that $100,000.00 profit, interest to the investors would be paid along with all of Starfire’s overhead and expenses.

Leaving $70k.. that could have become operating capital… but where did it go? I could see some of it going to wages.. but not many people are needed to track just one order like this..

The owner of Starfire personally guarantees the investment and signs all documents.

Yeah right.. he is behind at least one LLC.. which means his real liability is 0.

Just seems a bit fishy. I used to work at a defense contractor until I was laid off.. and I never heard of “Starfire”..

[ucodegen]

I agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.

You have to remember that pensions are a liability to a company (ie Chrysler) just as bonds are. There is a secondary effect that what happens to the retirements of the line workers of a company should go BK and the execs had not properly funded the pension?

After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did.

Supreme Court rules on what fits the letter of the law/constitution, not what is right.

[ucodegen]

I agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.

You have to remember that pensions are a liability to a company (ie Chrysler) just as bonds are. There is a secondary effect that what happens to the retirements of the line workers of a company should go BK and the execs had not properly funded the pension?

After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did.

Supreme Court rules on what fits the letter of the law/constitution, not what is right.

[ucodegen]

I agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.

You have to remember that pensions are a liability to a company (ie Chrysler) just as bonds are. There is a secondary effect that what happens to the retirements of the line workers of a company should go BK and the execs had not properly funded the pension?

After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did.

Supreme Court rules on what fits the letter of the law/constitution, not what is right.

[ucodegen]

I agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.

You have to remember that pensions are a liability to a company (ie Chrysler) just as bonds are. There is a secondary effect that what happens to the retirements of the line workers of a company should go BK and the execs had not properly funded the pension?

After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did.

Supreme Court rules on what fits the letter of the law/constitution, not what is right.

[ucodegen]

I agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.

You have to remember that pensions are a liability to a company (ie Chrysler) just as bonds are. There is a secondary effect that what happens to the retirements of the line workers of a company should go BK and the execs had not properly funded the pension?

After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did.

Supreme Court rules on what fits the letter of the law/constitution, not what is right.

[ucodegen]

It would help to know what type of DB work (Oracle? MS? MySQL..). Is it only db admin or have you done software dev.? I know one shop that uses DB people, but only a specific DB.. and you would need to get a clearance.

[ucodegen]

It would help to know what type of DB work (Oracle? MS? MySQL..). Is it only db admin or have you done software dev.? I know one shop that uses DB people, but only a specific DB.. and you would need to get a clearance.

[ucodegen]

It would help to know what type of DB work (Oracle? MS? MySQL..). Is it only db admin or have you done software dev.? I know one shop that uses DB people, but only a specific DB.. and you would need to get a clearance.

[ucodegen]

It would help to know what type of DB work (Oracle? MS? MySQL..). Is it only db admin or have you done software dev.? I know one shop that uses DB people, but only a specific DB.. and you would need to get a clearance.

[ucodegen]

It would help to know what type of DB work (Oracle? MS? MySQL..). Is it only db admin or have you done software dev.? I know one shop that uses DB people, but only a specific DB.. and you would need to get a clearance.

[ucodegen]

Yes, police officers have shorter lifespans usually because of stress, unusual working hours, alcoholism/addiction as a result of the job, etc.

The study that was referenced indicated fumes and chemicals more than stress. As in all things pigg.. bring/present evidence. As I mentioned before, both the job of a fireman and police officer involved long periods of boredom punctuated by brief periods of panic/stress. Military people have a much more stressful life in times of war than either fire or police. In the case of the military, the other guy is trying to really kill you and often has military specific training to do it.

And yes, school teacher is more stressful than police because the school teacher is forbidden from protecting themselves (no gun, if you strike back when stricken – you get sued/fired – check out assaults against teachers), depending on locale, not every kid is interested in learning. Inner city schools are the worst because you are almost in the middle of an armed camp.

It is one of the most stressful, depressing, and difficult jobs out there.

Not exactly.. but I also do know that some of the stress is the stress they create themselves. Many police officers have a them vs us mentality.. not healthy.

[ucodegen]

Yes, police officers have shorter lifespans usually because of stress, unusual working hours, alcoholism/addiction as a result of the job, etc.

The study that was referenced indicated fumes and chemicals more than stress. As in all things pigg.. bring/present evidence. As I mentioned before, both the job of a fireman and police officer involved long periods of boredom punctuated by brief periods of panic/stress. Military people have a much more stressful life in times of war than either fire or police. In the case of the military, the other guy is trying to really kill you and often has military specific training to do it.

And yes, school teacher is more stressful than police because the school teacher is forbidden from protecting themselves (no gun, if you strike back when stricken – you get sued/fired – check out assaults against teachers), depending on locale, not every kid is interested in learning. Inner city schools are the worst because you are almost in the middle of an armed camp.

It is one of the most stressful, depressing, and difficult jobs out there.

Not exactly.. but I also do know that some of the stress is the stress they create themselves. Many police officers have a them vs us mentality.. not healthy.

[Author]

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