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Tuesday, November 25, 2014 10:02:29 AM
DD2Gain
Bwahahaha! That post really struck a nerve.
Well, when we suddenly realize that of course OTC companies can get decent bank financing and of course LTNC is being financed like a typical pink sheet scam then the possibility of litigation in the future for not keeping up with obligations comes into sharp, unpleasant focus.
Hahaha.... That's funny!
The fact is just because we can go out and find one, two, maybe three OTC companies that can go out a borrow a relatively small amount from a bank doesn't make it the norm!
Here's a challenge:
There are approximately 600 fully reporting OTC companies currently trading. 10% of that is 60. 2% of that is 12.
I challenge anyone to go out and find a dozen OTCQB companies that have successfully gone out and raised significant capital for their business through banks or finance companies other than factoring companies.
Hahaha.... NEVER HAPPEN!
Even Steve Saleen with his (then) stellar reputation could only get a lousy $350,000 for SLNN his automobile company.
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