Oh I'm not saying that I could have done better. In fact the company was extended the terms that they deserved....and probably the terms they wanted.
I'm sure that you've noticed that the company almost never pays off any of these notes but instead tolerates the conversions. And they do that in spite of...or perhaps because of...the fact that they have willing lenders. Do you think that the CEO and the lenders do a lot of winking at each other when these notes are made to include repayment and even prepayment terms that they know they don't have any reasonable expectation of applying?
Do you not have ANY questions about why this merry-go-round continues?
But can it core A apple? Yes Ralph, of course it can core A apple.
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