CGrowth Capital Inc (CGRA)

[Prudent Capitalist]

Funding which is essentially junk bonds carrying a very high interest rate, which CGRA does not appear to be able to service with its heavy losses and continuing negative cash flow. The suggestion that the taking on of this funding and debt is somehow profitable in and of itself is questionable, IMO. They may use the funds to earn profits above and beyond the interest paid to service the bonds, but booking profits simply by issuing bonds through a separate subsidiary "Bond Company"? Something does not sound right there.