[bpizzi]

> Have you ever seen $300MM worth of wood?

Well, I'm not sure about wood, indeed, but I guess specials species can cost a lot. But I definitely saw $300MM of metal in a single stocking rack, not even speaking in terms of machines and buildings.

> I specifically said the owner had pumped a huge amount of money in the company.

Yes, I read that but I put it apart a bit too quickly, apologies. I would love to be pointed to real cases where huge amount of cash were invested in finished-good producing plants with no sales whatsoever. Off the top of my head I can think that Tesla's industrial activity can come close to the description for the investment story, however they do sell - their problem is more of meeting the production target.

I've seen with my eyes plants coming out of nowhere [0] with banks backed cash, but they definitely had customers commands already passed.

[0] https://translate.google.com/translate?sl=auto&tl=en&js=y&pr...

[justin_vanw]

So Evernote spent that much and they didn't even make any furniture, so their wood costs were very very low. Zero even. They still spent that much money?