Reflecting on 2006 Part 2

Second installment; today will be some of the “Best Lines We Heard in 2006”:

10. “Someone should fund a ‘cheaters’ site to out all the people who are on Ashley Madison right now.”
9. “I don’t have a product or any revenue today. But with your funds….”
8. “We didn’t do any due diligence, but we are investing $1 million. [XXX] brokerage firm told us they were taking it public next (this) year. That’s good enough for us.”
7. “Have you looked at X Company? It isn’t for us, but it should fit for you.”
6. “The board hasn’t approved this budget yet, but you should use it for the waiver.”
5. “Next quarter is in the bag.”
4. “The CEO and CFO are interim, but don’t worry. We’ll recruit talented people just as soon as you invest your money and give us some breathing room.”
3. “They’ve spent over $100 million to get where they are today, but your $5 million will be all they need to get to cash flow break even.”
2. “I got a great US$ term sheet from a U.S. bank. Just over prime rate.” Question: “You know that U.S. prime is 2.25% higher than Canadian prime, right?” Answer: “Oh”.
1. “We signed a term sheet with someone else 3 months ago and are getting jammed at the 11th hour. Can you step in and close by next week?”

If only I was making this up.

MRM