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Toxic Avenger

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Alias Born 04/29/2008

Toxic Avenger

Re: None

Tuesday, 11/10/2015 12:07:33 PM

Tuesday, November 10, 2015 12:07:33 PM

Post# of 52915
Last quarter the company took $250k for new toxic notes.
The quarter before that $155k.
In a couple of weeks we'll see what happened last quarter.

Where will they get money going forward?
And the other key question. What happens if the toxic lenders foreclose on their outstanding loan balances?

Great analysis of toxic debt here - http://www.bloombergview.com/articles/2015-03-12/death-spiral-convertible-financier-has-a-lot-of-fun

“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken

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