Shoemoney Pisses Off The Rich Jerk. Rich Jerk Gets Pissed. Hilarity Ensues.
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Preface:
About a week ago the “Rich Jerk” empire was put on sale, the asking price is $8 Million. He has claimed that the company earns him millions every year. Now I have bought one or two businesses offline in the past and I usually use a broker.
One thing I do know is that if a company has not listed its Net and Gross profit in the initial offering they are usually hiding something. This is where shoemoney comes in.
The Post:
It seems that 2 days AFTER almost every OTHER blog related to being a webmaster/seo/technology posted the information about the richjerk empire being for sale. Shoemoney deicded to post about it a bit late, but when he did he certainly pissed someone off. If you read the post, you can see that Kelly is repeatedly emailing shoemoney, now Im not sure if he is seriously pissed or just trying to milk the traffic from shoemoney as much as he can. I mean Im sure he understands he doesnt have a lawsuit on his hand.
It seems Kelly has contacted (read threatened) shoemoney that he will be hearing from his lawyers about the rich jerk being bankrupt. And the only reason for the sale going through is because he has to pay back investors whose money he spent on ridiculous Howard Stern air time, and late night infomercials.
The Problem:
The problem as I see it is not whether or not the Rich Jerk is broke or not. The Rich Jerk knows that he got owned because shoemoney is read by a lot of people every single day. He has been covered on Abc News, 20/20 TV Show, The Wall Street Journal (print and online), The New York Times (print and online) etc etc. So when shoemoney says your broke every potential buyer will be asking to see your finances. The poor (no sarcasm I swear) guy’s sale just got tainted. Shoemoney is considered an authority figure in the field. So much like engadget caused apples stock to fall by a $4 billion with one post. Shoemoney has probably ended this sale for the rich jerk.
I give full respect to the rich jerk. He had a great thing going for awhile. But the poor guy should have diversified a bit more. It’s pretty obvious the multiple owners want to sell because the business has become stagnant.
And last but not least, for someone that uses google ads to tell people they are ugly and losers he sure did get pissed off with a single blogpost from the shoe.
1 Comments on this post
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Carlos said:
I gotta question…
Whatever happened to the NEW infomercial that all the so called Rich Jerk Live Event attendees were supposed to be apart of?
Hey whatever happened to the Rich Jerk Live Event for that matter? How come nobody is talking about it? It was supposed to be sold out!
Why would you sell the company and none of the dvd’s of seminar footage, etc. has been released yet? Did it really happen? Tickets were supposed to be like $10-Grand a piece. He was pushing it like it was his last meal and then you hear nothing. What happened to all of that? It sounded like he was cooking up an EXIT STRATEGY. Grab as much cash as I can with a high ticket item and then close the doors. Or maybe a last ditch effort to save the company.
Now he’s practically begging for money for tickets to some party at the Playboy Mansion that has nothing to do with internet marketing. He’s asking people on his list to name a price that they are willing to pay for a ticket? This guy is desperate. Are you selling sex or internet strategies for making obscene amounts of cash?
Rich Jerk here’s a tip: Instead of spending $250,000 that you don’t have on a playboy party, why don’t you invest it in some REAL CONTENT on your evolution site where you haven’t made a real update in 90 days, besides the other content being basically worthless.
June 2nd, 2007 at 10:00 pm
