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Post# of 47873
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Buzzlityr

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Buzzlityr

Re: zeynoc post# 18717

Thursday, 11/20/2014 3:56:11 PM

Thursday, November 20, 2014 3:56:11 PM

Post# of 47873
Zey- the IP is now functionally owned by who until the loan is paid w/ interest? Not sure if there is a convert clause to BAM's loan but usually there is.

Dmrj stepped out of the way of owning the IP ( and company) and that act encouraged BAM to make their loan.

How does the company get around that with a new lender? And wouldn't the new lender want the same deal points? Sure there are ways around this as I don't think this is a locked up gonner, just the opposite- I believe interest has ramped way up.

Best of Better Luck to ALL IMSC LONGS!
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