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Re: Gantor50 post# 30280

Monday, 07/07/2014 10:28:26 AM

Monday, July 07, 2014 10:28:26 AM

Post# of 84830
LOLOL!! Twist it however you wish. It was a loan, not an investment. An investment would mean that equity (shares) were acquired in return for the $250,000.00. But, as the Duke of Bag Holders himself said, no shares were exchanged. Hence, it was a loan.

Also, keep in mind, that at the time the loan was made, Joe Scivoletto was an officer and board member. Perhaps the lender(s) were impressed with him and the loan was made on the strength of their faith in Ol' Joe. He was, after all, the inventor.

What would help everyone is if MW had filed an 8K detailing the terms of the loan agreement, as a legitimate company would have done.


"Libenter homines id quod volunt credunt"