Approximately $3 million in fictitious profits. oops? rich edson of the fox business network joins us live from d.c. this is serious stuff, rich it? is. the lawsuit says the mets owners used $90 million in fake madoff profits to fund their team it goes on to say mets used the money to cover significant expenses such as payroll, pairs deferred compensation and stadium operations and consistently built into the cash flow projections. also charges it faced a severe fiscal crisis when the government revealed the scheme, shep? shepard: the owners of the mets seem to be digging in for a real fight here. they are. they call it suit complete nonsense. they say the charges are outrageous strong arm effort to try to force a settlement by threatening to ruin our reputations and businesses which we have built for over 50 years. and they say they are madoff victims. now, financial troubles are reportedly forcing the wilpons to looking to selling a peeves their team.
This person really should be doing cash flow projections to make sure they have enough to sustain their business their business in the year ahead and i think it s just a good strategy. it s a personal finance strategy. it s good for business, too, to have a reserve fund, maybe three months of expenses, fixed cost rent. definitely talk to an accountant, for god s sake talk to an accountant. also do a trend analysis and this is to your point. every quarter look at what cash needs are. the end of the year is just another day, it s just another quarter f. you re treated differently and ignore your cash flow needs, you re going to kill yourself. so you have to start balance what the trend rates have. great. let s move on to the next one. the owner of a consulting firm. how do we price a web enabled software for organizations that would purchase it to make people more accountable to use? we don t have a source to understand how to place the software so we do not price ourselves out of