NORDICROOTS: A very astute find! That's quite a coincidence Judging by this guys track record, he appears to get out before they get so low they go under and gets nothing, so he's out 'just in time' before his percentage dwindles to nothing. Perhaps he know's something we don't. If he's made millions in failing companys by lending them money in exchange for cash and part shares, this guy almost can't lose, but the company he was in can lose a whole lot more. Looks like this wiley guy has his head screwed on. If he's lent money to FLPC or whatever (I didn't have time to read all of it), how much was lent and where did it all go!!
As my time is at a premium, please correct me if I'm wrong, but FLPC (BoD) Stands to gain from his cash on whetever basis, and he makes his bit on % + Interest back, plus %age of whatever shares remain which he got at a discount price and sold while he still could. It sounds to me like a very elaborate way of a quick gain for both partys without too much commitment? Right or wrong?
