Red Flag? Commissions-only acquisitions roles

I’ve been looking for a new role and have come across multiple acquisitions listings that sounded great until I noticed the comp section mentioned that the pay was commissions-only. I’m guessing that means the firms have no money and they’re looking for free labor to try to tie up and then capitalize deals? Is there any chance of being successful with that model? Has anyone done this?

I’m thinking that structure would be better than being unemployed, but it just seems too risky. Am I wrong to think it’s a red flag?

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