For a start, turnover means bugger all unless you're making a profit. The bloke himself said he made a fucking huge loss in the first year, and a measly profit in the 2nd.
How much profit is he going to make on that £2m a year turnover? Don't forget that he's only offered 10% of his company for £150,000.
Secondly, in order to get to the stage where only Bannatyne was left in, he must have failed to convince all the other dragons that he had a good idea, so to imply that it was only Bannatyne that rejected him is misleading.
Of course, Bannatyne is a fool for thinking you can make a conducting item out of wood, but is he a fool for keeping his £150,000 in his pocket instead of having 10% of a company whose profits are still unknown? Jury's still out on that one.
(, Thu 23 Oct 2008, 17:09, Reply)