Quote:
Originally Posted by mikesouth
You are correct but the loan security has to have value I dont see manwins pre-loan holdings having anywhere near enough value to secure a 360M dollar loan and if somehow bankrupt multi-failure Fabian did manage too get such a loan the interest rate would be astronomical.
and seriously what could manwin possibly own that would be of any value to colbeck capital? Brazzers? i doubt it....I suspect that when its all said and done we will find that loan was secured with cash....now reckon where that kind of cash would come from and if it was secured with cash why take the loan to begin wth
Sundin might have some answers...or Bob Rice...
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Investors are not that hard to find, especially not in a time where the stock market was / is shit. We have a larger project that has been in the works for about 2 years now and I had several people asking me if it was something they could invest in.
Lots of loans or investments are done based on the idea without any types of security