Niocorp Developments Ltd (NB): Very noble of MS. But keep in mind he g...

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Niocorp Developments Ltd (NB)

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Re: Spunkmeyer post# 29860

Friday, 10/20/2017 8:00:46 AM

Friday, October 20, 2017 8:00:46 AM

Very noble of MS. But keep in mind he gets 10% loan interest on whatever he provides under the credit facility, and is essentially first in lender's line for NioCorp's assets if NioCorp goes belly up (while common shareholders get nada unless there are some assets left after the lenders are paid off from the assets).

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