NEW YORK (AP) -- Celebrity chef Rocco DiSpirito is in a legal food fight with the people who say they financed his television restaurant and who are accusing him of mismanaging the eatery, which they say has lost more than a half million dollars. A group called China Grill Management says in court papers that it put up more than $3 million so DiSpirito could open Rocco's on 22nd Street, an Italian restaurant that was the site of NBC's reality series "The Restaurant."
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Instead, the investors say, "The quality of the food and service has been widely criticized" at Rocco's on 22nd Street and the restaurant "has yet to make a profit" -- losing "in excess of $600,000."
Make a profit? This quickly? Investors need a reality adjustment.
1. There are no sure bets.
2. Very few small businesses are profitable in less than a year
3. When you buy into someone's dream, you are wagering. Not all dreams come true.
Show some f*cking patience in your investment. The day trader investing lessons of the late 90s should still be fresh. Sheesh! |
