What way would you invest if money wasn't much of an issue?

[Au_Dreamers]

You can delete this if you think it's not appropriate.

While I'm trying to get some opinions, some might think it is a veiled attempt to solicit investors. So if you want to remove this I won't be offended.

I’ll preface with, the investors I’m currently chasing aren’t short on cash. Each individual could buy all shares without thinking about it too much. But I don’t know with this type of project if less money would be more attractive.

In my ideal and original proposition I’m looking to put together a 5 year project. We all know in the first year there’s a working out the kinks time frame for a new boat and new crew. Also in a new operation the first year is front loaded with startup expenses. The remaining years are operational expenses so in my mind you get more for your money and a better chance at success on a 5 year project. Also since it is a new project the “get in” price is better than some that are currently operational.

So what I have is 1% for 5 years @ $2,529.24-$2,822.57 The range depends on the price variance of the boat acquired and blower construction cost.

Or just recently I looked at a one year shot 1% @ $449.24- $742.57 again depending on final cost of boat and blowers.

Your thoughts?

[Salvor6]

A one year shot @ $449.24 for 1%. Thats $44,924.00 for 100% for one year? Sounds kind of steep to me. You could do nothing all year and live pretty well. I worked the 1715 fleet and it only cost me $12,00 for one year. What in the world would you spend almost $45,000 on? Fuel?

[Au_Dreamers]

A one year shot @ $449.24 for 1%. Thats $44,924.00 for 100% for one year? Sounds kind of steep to me. You could do nothing all year and live pretty well. I worked the 1715 fleet and it only cost me $12,00 for one year. What in the world would you spend almost $45,000 on? Fuel?

Salvor6 as stated above... Boat acquisition, blower construction, a total fit out for a new operation. In the one year scenario there is no pay for myself. I have yearly operational expenses @ $16,500 but that is with crew pay (non Captain)@ $5,000. For the 3 years when I worked the 1715 fleet as a sub-c I operated pretty inexpensive too because I lived there and had my own dock with an twin outboard operation that cost little to run.

Also there is only 75% available @ $449.24 which of course I didn't state so how would you know.
So I have fit out at approxiamtely $17,193.00 – $39,193.00 and operations @ $16,500.

I know this is the internet but as far as taking pay and not doing anything- I'm a pro. I've worked fulltime as a sub-c on the 1715 before, as in every day when the 3 M's allowed. I've been involved enough to know guys that will take investors money and not work. I know of guys that took Mel's money and "pretended they magged".

[Salvor6]

See ya at the meeting.

[Au_Dreamers]

See ya at the meeting.

you bet!

It's crazy, I can fly in cheaper than I can drive and I'm only up in NC!