Tersis Technologies Inc (TERS)

[rawman]

Having placed this purchase order of $385,000, MCHI will now avail itself of its $3 million dollar credit facility from three private shareholders in non-convertible notes which bears an interest rates of 18%.

So Antonio Uccello, with his extensive list of financial screw-ups and rip-offs, has convinced someone to loan money, not convertible debt, but an actual "loan" at 18%! Kidding? Come on! GET REAL! NOT HAPPENIN'! Investors don't take giant risks, without a fairly strong assurance they won't get killed! INCC and Uccello have delivered on no promises, thus the significant ongoing investment risk puts INCC out of the market for conventional financing! Given Uccello's past, 50% interest would be far too low! The debtor(s) are totally screwed if INCC ends up where it headed...into oblivion! How can a financier even think about providing money, when these INCC charlatans claim to be leasing land for $10,000 PER ACRE PER MONTH and the very nearest plot of land, which is essentially identical to the leased property, SELLS FOR $1000 AN ACRE and the buyer owns it forever! THE RIGHT OF REFUSAL IS NOT WORTH THE INK IT TOOK TO WRITE IT! For that matter, the entire lease is probably in the same category! IMO...the lease and build-out scenario is beyond even the remotest possibility of making anything close to "real" business sense!

ONE QUESTION FOR THOSE IN THE KNOW....WHAT IS THE COLLATERAL ASSOCIATED WITH THE $3,000,000 FINANCING? THIS A PARTICULARLY TOUGH QUESTION, BECAUSE INCC SHOWS VIRTUALLY NO ASSETS, i.e. THE COMPANY OWNS NOTHING! So, per the PR's, three highly astute investors have chosen to RISK $3,000,000 WITHOUT BEING COLLATERALIZED! THIS IS SOMEBODY'S "FANTASY WORLD OF BUSINESS"! IT AIN'T GOING TO HAPPEN! LMAO!