WANTED!!!! - SEARCH FUND CRIMINAL AT LARGE
Name: Confidential (for now)
Age: 26 years
Height: 6'7" (but shrinks under due diligence pressure)
Last Seen: Pitching an LOI without a Quality of Earnings
Charges Filed:
Count 1: Buying a business without a working capital target
Count 2: Accepting “Adjusted EBITDA” that included dog grooming expenses
Count 3: Trusting the Seller’s pdf Trial Balance.
Count 4: Closing a deal based on a napkin P&L
Count 6: Filing Chapter 7 after discovering "customers" were just cousins and neighbors
Sentence (if caught):
Mandatory use of QOE Prep for Quality of Earnings Reports on all future deals no exceptions, no shortcuts, no “gut feelings.” He needs a professional who has done 200 deals and fights for his EBITDA Adjustments.
Only real diligence that help ETA searcher buy a company without overpaying in just 2 weeks.
Email redacted for more information on how to make sure Adjusted EBITDA is accurate.