Unfortunately, the Glide-O-Bike Company of Dallas, Texas was forced into bankruptcy when they learned that the cost of materials, postage-and-handling combined with the litigation expenses for injuries and false advertising far surpassed their listed retail price of $0.25 per unit sold.
This proved to be the most catastrophically ill-conceived business venture in history, until 1999 with the launching of "bigheavysafe.com", whose shipping costs on their first online order bankrupted the company.
2 comments:
The plans were $.25, the 'kit' was $25. Big difference in 1930.
Are you familiar with the expression, "Bite Me" ?
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