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Post# of 80403
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Milesblue42

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Milesblue42

Re: nycrew post# 69828

Wednesday, 04/16/2014 7:06:35 PM

Wednesday, April 16, 2014 7:06:35 PM

Post# of 80403
Why can't Kay secure any Bank Loans? Salary-Cuts?

A 4 Division company that isn't using money from Bank Loans.....?

http://www.eastcoastdiversified.com/ceo-letter-1.html

During the development phases, we raised debt capital from several secondary lending sources in the equity market to support our development efforts. Most of the lenders are converting their debts to stock causing large volumes of trading. We must meet our obligations to these lenders.



Couldn't this company raise Capital if the CEO took a pay cut or worked for Free?

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