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[quote=Anonymous][quote=Anonymous]The Karen house sale storyline hasn't made a lot of sense until Charisse's recent comments insinuating financial troubles are at the source of the sale (not a true desire to downsize)

* The house was listed as far back at 2014 (for $2.5M).  The asking price was eventually cut to $1.75M.  Somebody with better internet skills can probably find out what it actually sold for
*  Karen stated she had a $10K monthly mortgage.  That's a big nut to crack each month.
* While Karen refers to her husband as the black Bill Gates, it's worth taking a closer look at his career
----&gt; He worked for IBM for 25 years, culminating as a regional manager
-----&gt; He co-founded or was asked to run a start up in 1991 and was the CEO for 20 years
-------&gt; By the time he and Karen bought the Potomac McMansion (~2004), his stake in the company, Paradigm Holdings, was worth about $40M (12M shares at $3.25/share) ...on paper
---------&gt; That valuation was precarious, because paradigm seems to have gone public as a microcap reverse merger.  Never a sign of a solid, growing company.  In fact, the company generated about $60M in revenue in 2004 but that number shrank to $40M by 2008 and the company was losing money
------------&gt; By 2010, local defense contractor CACI bought Paradigm for ...$0.29 per share.  At the time, Raymond held about 10M shares so his take was &lt; $3M
--------------&gt; Not hard to imagine needing to make some adjustments commensurate with that significant apparent drop in wealth
[/quote]

The company looks like a typical Beltway Bandit firm. Just providing staffing/services for various government contracts.

Here's their total revenue from gov't contracts by year, and you can see a very steady and sometimes significant decline over the years:
http://www.fedmine.us/userDownloadedfiles/Contractor_DUNS_926338492-PARADIGMSOLUTIONSCORPORATION__02_09_2012-copyright_FEDMINE_213665.html

I can see why they did well earlier -- they were an 8a ("disadvantaged, minority-owned") buisiness from 1994-2004, making it much easier to get contracts. Once they exited that program, the real contracting world is much more difficult.

I like his personality, at least on the show. I thikn he's a no-nonsense, no-drama tech person. He's no Black Bill Gates though. Gates produced software and huge innovations. His company was just a body shop. His new company (Paradigm Solutions) does indeed produce software, but not cutting edge by any means. The usual operations management stuff: http://www.paradigmsi.com/company/the-paradigm-team/ (I'm an IT person so I know what's good and what's not).
[/quote]

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