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Re: twodips post# 121946

Tuesday, 04/08/2014 7:08:32 PM

Tuesday, April 08, 2014 7:08:32 PM

Post# of 347753
This is not comparable to negotiating credit card balances my friend...I'm sure you know better than that.

Here are a few facts I'm sure even you can agree to
1. Most start up companies find it difficult to get favorable borrowing terms.
2. All lenders are risk averse
3. All lenders want the highest return on investment

With those facts in mind, consider that a lender has agreed to cancel a lending agreement in which it was guaranteed it's investment with interest, on the maturity date regardless of pps.

In exchange, it has agreed to accept 2M common shares of MINE. With fact #2 in mind, ask yourself why a lender would agree to this type of deal. One answer and IMO only answer, is that they know the value of 2M shares will be far more than what they would get under the previous agreement-yes fact #3.

That's all you need to know.