It kind of goes to show you how successful McBride and Holley have been in business.
Here are two guys that didn't have 100k each initially to loan the company of which they are the majority shareholders to get it off on solid ground. They had to go to the corner loan shark for some start up capital at highway robbery terms!
Either they didn't have it or it shows the confidence that they have or should I say lack of confidence in their abilities to make this a success. Whichever the case is, it certainly shows the lack of success they have achieved in the past!
Please don't try to stick up for McBride and Holley by saying that officers of newly formed companies don't put up their own funds and that they only use other people's money!
If they really felt that strongly about their chances and had the money, they would put it up. It happens all the time with newly formed companies. The top officers put their money where their mouth is if they feel strongly about their chances of success!
In my book, it shows what kind of losers are running this company!
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