Obviously, Miracle Tech must have employed hordes of research scientists and technicians to manage the simultaneous development of those impressive products. Here’s the real miracle: Miracle Tech was doing the whole job with a staff of only 10 full-time, and two part-time employees, toiling away in a 5,000 square foot facility that it had rented for $2,000 per month.
I’m not sure how Miracle Tech managed to pay even that meager staff since, as of July 31, 2001, it had only $8,000 in the bank and its debts far exceeded its assets.
With an empty bank account, Miracle Tech must have been cranking up sales. But that wasn’t happening. Miracle Tech’s total sales in the previous 12 months totaled a flat zero. Nothing!
I checked ...