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Shoestring Operation

Obviously, Miracle Tech must have employed hordes of research scientists and technicians to manage the simultaneous development of those impressive products. Here's the real miracle: Miracle Tech was doing the whole job with a staff of only 10 full-time, and two part-time employees, toiling away in a 5,000 square foot facility that it had rented for $2,000 per month.

I'm not sure how Miracle Tech managed to pay even that meager staff since, as of July 31, 2001, it had only $8,000 in the bank and its debts far exceeded its assets.


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