Houston residents asked to give input on Texas' $12 billion bullet train (Dallas: appointed, purchase)

[Matadora]

Originally Posted by oceangaia

When the facts are not on your side, make it a personal attack.

The problem you are having is the facts are on my side.

There was no personal attack...I simply pointed out the obvious based on all of your posts.

Go back and read what you posted...does that sound like a person who understands the role of a CEO or understands how project development works?

No it does not.

You are exactly the type of person who should not be able to weigh in on this project because you really have no concrete understanding of it.

[oceangaia]

Tell us about TCP's track record.
None.
They have no track record. They are a paper company created in 2014 that has no assets or revenues.

What other rail lines have they built and operated?
None.
They have never built or operated a rail line.

How many miles of track do they currently own and operate?
None.
They do not own or operate any track or railcars.

What experience do the CEO, President, and other named principals have in actually operating a railroad?
None.
They have not worked for or managed a railroad. Although the CEO did help arrange a small amount of financing for the London Underground, he had no connection to operations.

Are rail advocates really so desperate that they refuse to question much less challenge claims made by a company with no track record, no experience, no assets, and no income?

You have no facts. You only have the company's word. You probably wouldn't hire a contractor to replace your roof if the only references and reviews to be found were on it's own website. Never mind that the contractor has no previous clients or tangible assets.

[hbcu]

sounds like a typical politician's resume'

no experience in government at all but can win the highest crown in all the land due to $$

[Matadora]

The problem with lay folks such as yourself is that you don't get the fact that a new rail company does not have to have a track record to develop a successful project for a bullet train. All they need is people with good project development/management track records.

They are also consulting with top notch engineering, construction companies not to mention the credentials, education and experience of the CEO on top of investor lead data driven decisions. Go look up the "track" record on all the companies they are consulting with.

Not sure what your beef is especially when you really don't understand anything that has to do with the project development of this bullet train.

All you have is what is their track record? LOL

In the U.S., virtually all rail networks and infrastructure outside the Northeast Corridor are privately owned by freight lines. Passenger lines, primarily Amtrak, operate as tenants on the freight lines. Consequently, operations must be closely synchronized and coordinated between freight and passenger railroads, with passenger trains often being dispatched by the host freight railroad. Due to this shared system, both are regulated by the Federal Railroad Administration (FRA) and may follow the AREMA recommended practices for track work and AAR standards for vehicles.

I've already handed the CEO's experience to you. One thing for sure...he is much more qualified then you to oversee this project.

Myths vs. Facts

[Matadora]

Originally Posted by oceangaia

Are rail advocates really so desperate that they refuse to question much less challenge claims made by a company with no track record, no experience, no assets, and no income?

LOL it's called investment money and closing on development funding.

It works great in the Bay Area for new Biotech startups who go on to develop their own laboratory test.

This is how new companies with a good product gets funded....Investors.

The investors are putting their capital at risk.

Learn about it. They closed on $75 million in 2015 on a round of development funding. Not to shabby eh?

[oceangaia]

Originally Posted by Matadora

I've already handed the CEO's experience to you. One thing for sure...he is much more qualified then you to oversee this project.

Myths vs. Facts

Lol, did you really just pass of the same propaganda website operated by the "railroad" itself as another "source"?

All you have is what the company has to say about themselves.

I'm by far the most qualified and authoritative expert on the subject. If you want to verify that, just ask me.

[Matadora]

LOL self proclaiming expert you have demonstrated enough that you have no understanding about this project. All you have is unsubstantiated claims based on no understanding of how this bullet train's projects are developed and managed.

No thanks...I will place my trust in the investors.

[oceangaia]

Originally Posted by Matadora

LOL it's called investment money and closing on development funding.

It works great in the Bay Area for new Biotech startups who go on to develop their own laboratory test.

This is how new companies with a good product gets funded....Investors.

The investors are putting their capital at risk.

Learn about it. They closed on $75 million in 2015 on a round of development funding. Not to shabby eh?

It works great for startups, not always so well for their investors. Plenty of biotechs that crashed and burned.

As long as it's investors at risk, that's fine. But it's not. Federal loans means it's American taxpayers at risk. Why can't the "railroad" get 100% of the funds needed from private investors?

And yes, $75 million relative to $15 Billion is extremely shabby. At this rate, they will have the money needed by the year 2200. Then they can make it a flying bullet train.

[oceangaia]

Originally Posted by Matadora

LOL self proclaiming expert you have demonstrated enough that you have no understanding about this project. All you have is unsubstantiated claims based on no understanding of how this bullet train's projects are developed and managed.

No thanks...I will place my trust in the investors.

Unsubstantiated claims? you mean accurate and unrefuted claims.

Tell us about TCP's track record.
None.
They have no track record. They are a paper company created in 2014 that has no assets or revenues.

What other rail lines have they built and operated?
None.
They have never built or operated a rail line.

How many miles of track do they currently own and operate?
None.
They do not own or operate any track or railcars.

What experience do the CEO, President, and other named principals have in actually operating a railroad?
None.
They have not worked for or managed a railroad. Although the CEO did help arrange a small amount of financing for the London Underground, he had no connection to operations.

[oceangaia]

Originally Posted by Matadora

LOL self proclaiming expert you have demonstrated enough that you have no understanding about this project.

I understand that this paper company "railroad" has no assets, no railroad experience, and there will be no recourse for investors (including federal taxpayers) when they flop belly up.

The investors are speaking loud and clear by the paltry amount actually put up relative to the tens of billions needed.