Quote:
Originally Posted by Jesus H Christ
WS banks rarely if ever give VC "cash" loans in the 9 figures. If they did, why I would of paid to been a fly on that wall. You see, I've walked WS with a great business expansion plan and raised significant amount of funds with a solid pitch. None will give you a "cash" loan because it will bring too much attention from competition and auditing agencies.
Besides, WS banks primary interest for loaning that kind of money is if the company is going to go public in the future. They couldn't give a flying fuck about companies who want to stay private with their cash loan investment.
If Manwin in the future decided to go public, I'd mortgage my house/property and sell everything I could to buy as much stock as possible, then immediately find a hedge fund firm.
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Now I've learned he said it was a WS bank. I'm getting more of the doubtful Thomas thoughts.
WS banks are not getting a good press at the moment. So what's the odds they will make a 9 figure cash loan to a porn company with a string of sites like Manwin has? I can think of one company not a million miles from WS who would love to know about this NYT is the initials you're looking for.
Forget about the spreadsheets, forecasts, collateral, etc. Think of the headlines.
WALL STREET BANKERS
LOAN ONLINE
PORN COMPANY
$200,000,000 IN CASH.
Now does that sound like something WS is going to get into in 2010?
Mainstream Internet with tangible goods, very likely. To a company with no record of this retail market on or offline? Not likely.