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Re: doogdilinger post# 206541

Thursday, 10/08/2015 3:30:13 PM

Thursday, October 08, 2015 3:30:13 PM

Post# of 240914
Since the interest has to be paid back out of profits Eric might as well made it 50% if that's what it takes to get some poor investor to buy into this fund.
We know he isn't going to be able to pay it back out of profits because there are no profits so what does he have to lose. Heck he couldn't save enough out of the $12 million raised through dilutions to even pay his OTC markets subscription.
ANYTIME you can find someone today willing to pay you 8.75% on a loan you know that person or company is in deep financial problems or they would be able to get a loan at a MUCH cheaper rate.
I expect there will be few, if any, takers on this scheme and that may be to Eric's advantage because if he gets many takers this could be the final nail in the coffin.