The Mudcat Café TM
Thread #58067 Message #920388
Posted By: Bobert
28-Mar-03 - 07:59 AM
Thread Name: BS: Who's gonna win the war? Halliburton!!
Subject: RE: BS: Who's gonna win the war? Halliburton!!
troll:
Thanks for the advice. Where were you when I needed it? Fortunately, I didn't have any actuak money in Tradetech, just time, and I guess the experience was probably worth it. If we could have kept the Kuwaiti's in D.C. I think we could have hung in there and made some money. Once they were back there in Kuwait, it became too expensive to compete with the big dogs.
One thing I did learn, however, which is relevent to the Halliburton discussion, is that it take a lot of grease to make any deal with Kuwaitis, if you know what I mean. 10 grand here and 20 grand there! That's the only way you're gonna get a deal done. They call it comissions but the strange thing is that you have to pay it just to get in the game and once you do there is no assurance that you're going to get the deal. Only that it now will be considered. Purdy currupt little system.
And lastly, I learned that while the Kuwaitis are charming and will party with you and feed you and take you out on their boats (which they all have) when it comes to business, integrity is no where to be found. These folks have been traders so long that it is honorable, even between family members, to cheat and lie. Now, I'm sure that someone is going to call me on this one, but that is my observation from my dealing with these people. Party with 'em, but don't do any business with them!