Yeah .... nice pictures....
That said Grossman has built a business over years, from a small but steady operation and therefore in the equation test, I think you'll find they don't announce massive purchases of aircraft out of all balance with that fleet they already operate, nor do they issue a 100 press releases claiming to be masters of the bizjet world and that they'll dominate the market in 18 months.....(OK I exaggerate)
Seems like a sensible well run business to me......(actually I know them)...
they could go bust, as any of us could, but that would be after a number of real and genuine events.....not because they have no idea what they are doing and put hype and hope before any rational thinking or behaviour...
yeah I think my equations and rule of thumb are a decent guide.
the famous Unique Air...would also fall foul totally by my formula...and I did indeed call these guys out, after two meetings with them...sadly I hadn't realised how many people were going to suffer.....but I was 100% sure they were NOT going to ever buy the aircraft they were claiming they already had funds to buy.....