M Line Holdings Inc (MLHC)

[littlejohn]

Pay day lenders are angels compared to the

convertible debt lenders preying on small

companies and shareholders...

After the 2008 financial collapse the debt

sharks started coming out with terms at 30%

to 50% discount conversion rates versus the

previous 80% rate conversions of the past...

So when liquidity dried up the usurus dance

of high interst debt converters took over...

Maybe drifting off the path here but the US

courts are backing up the bigger hedge funds

that set the tone for lending practices...

About 45 BILLION dollars was tied up by an

injuction on behalf of hedge fund lenders...

So the bond holders that agreed to give

Argentina favorable terms that would help

their country service their debt have about

45 billion dollars sitting in New York banks

that the courts won't allow to be paid...

But those hedge funds also have the spin

power to pitch that injuction as a default

by Argentina after the money was wired to

an account for bondholder disbursement...

Public shareholders are footing the costly bill

of death spiral lending being allowed in the

public markets...

Complaining about that should be what most

shareholders should be doing instead of trying

to interrupt companies doing biz daily...

All Imo, of course...LJ