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Re: SandridgeEnergy post# 55204

Tuesday, 05/03/2016 5:58:16 PM

Tuesday, May 03, 2016 5:58:16 PM

Post# of 63559
So let me see here...

1. JPM Chase evaluates SUNW and grants them a credit facility of $2.5 million

2. JPM Chase's credit department is oblivious and isn't smart enough to recognize the risks associated with SUNW (Sarcasm)

2.Nazulya said (and I'm paraphrasing and remember he is your disciple now) SUNW is such a lousy company they couldn't get revolving credit after they already had secured it (Sarcasm)

3. If you have ever run a business or applied for a credit facility you would know that there are debt covenants and financial performance metrics that are taken extremely seriously by a bank particularly in a new company or new relationship

4. When you draw on the credit facility the bank will ask you questions about the use and the time frame for repaying it.

5. When you borrow money from a bank even on a short term basis you record an asset and a liability. How is this transaction misleading anyone? Their are several good textbooks that teach Fundamental Accounting Principles - (Sarcasm)