/biz/ - Business & Finance

>>54864216
>his mistake with BHS
it wasn't a mistake, it was a plan that didn't work out.

BHS had the same flaws back then as it does now, and he was aware of several of those flaws. His goal was to overcome their flaws by joining together and throwing money at the company. That happened for a little while, but needed to not only be sustained, but actually needed to grow quite a bit to reach his goals.
That never happened. Whether it would have worked or not we'll never know. I tend to doubt it because I don't believe they actually have that much silver. But if they had enough ore the idea might have worked with more support. The price would have certainly gone up if he brought in more investors than he already did. So whether the mine was good or not, his idea would've worked fine. Probably gotten him in trouble with the SEC or whatever equivalent governs british stock trading. But it would've worked if done bigger.

BHS appears to be a shit company, and he believed it was solid. But whether it's shit or not had nothing in particular to do with what he was attempting to do with it. Reddit and 4chan are certainly capable of pumping shit companies to the moon, it's about all they do anymore.