• 72°

Letters to the editor – Monday (6-20-2011)

Here’s my business plan; willing to take the bait?
I have an investment plan I’m sure you will want to get in on. It’s a sure fire money maker so don’t delay. First, we will need $33,560, I estimate, to get everything going.You might ask, what are we going to do? Well, I think we can make money selling, worms, minnows and crickets to fishermen! We’ll set up shop on the roads leading to the river, and I’m sure we can make a killing.
However, my business plan shows we will probably lose $1,200 this year; $3,600 next year, and in 2013, probably $2,600. To really get things going, I think we should give away to new customers a can of worms, a bucket of minnows or a carton of crickets. It would only cost us 15 cents. On the bright side, by year 2014, I predict a positive cash flow of $57.53.
What do you think? Your first reaction might be: A. Are you serious? B. Absolutely not. C. Are you from this solar system? D. Get the @#$#@ away from me.
If you just add three zeros to the above figures, you have Fibrant in a nut shell: $33,560,000 in bonds to build Fibrant, $1,200,000 (estimated) loss this year, $3,600,000 (estimated) loss the next year and $2,600,000 loss (estimated) in 2013. What could go wrong? If you join right away, they will give you $150 of good old taxpayer money.
The problem is this: You have a choice to join me in my bait shop enterprise, but with Fibrant, you, the taxpayer, have no choice, and you’re in for the ride, like it or not.
I will predict this will not go well for the taxpayer; I have a feeling you will be a long time recapturing the money already spent by the city.
Where is the need for this already crowded service anyway?
— Richard Roberts
Kannapolis

Comments

Comments closed.

Local

Catawba holds baccalaureate services for Class of 2021

News

$9M settlement for two men wrongfully sent to death row

Nation/World

China lands spacecraft on Mars in latest advance for its space program

Business

Gas crunch hits Washington; Colonial Pipeline paid nearly $5 million in Bitcoin ransome

Coronavirus

State mostly returns to normal operations after 15 months of lockdowns, restrictions

Crime

Blotter: Man accused of stealing car, crashing it

Crime

Man faces new charge of attempted murder for father’s shooting

BREAKING NEWS

Gov. Cooper lifts indoor mask mandate for most situations, gathering limits

Crime

Barnes gets new punishment of two life sentences in Tutterow couple’s 1992 murder

High School

High school football: State’s top honor goes to Jalon Walker

Local

Scout’s Honor: With dedication of flag retirement box, Salem Fleming earns Eagle Scout rank

College

North Carolina king, queen of NCAA lacrosse tourneys

Education

Kannapolis seniors walk elementary schools

Local

Local real estate company employees come out in force to build Habitat house

Local

Quotes of the week

Coronavirus

Auditors find oversight lacking for $3 billion of state’s pandemic aid

Nation/World

When will gas situation return to normal?

Local

Rowan native Shuping posthumously receives Concord Police Department’s Medal of Valor, Purple Heart

News

GOP measure on penalties for rioting draws fire

News

Black high school softball player told to cut hair

Coronavirus

State shows 303 COVID-19 deaths in Rowan

Coronavirus

CDC: Fully vaccinated people can largely ditch masks indoors

Crime

One arrested, another hospitalized in Castor Road stabbing

China Grove

China Grove Roller Mill open for tours Saturday