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Re: jaxstraw post# 301253

Monday, 01/15/2018 8:58:25 PM

Monday, January 15, 2018 8:58:25 PM

Post# of 312015
Give me a break! You have obviously never tried getting a large commercial loan for a high risk business venture. 12% is a very reasonable rate especially as a loan from an individual. My company's first commercial loans were 12% and 11% and yes, I ended up paying the bank close to 3 times what I borrowed. If anything, this is a huge positive sign for the company. This is a CEO who has been self-funding a company that he knows will be a complete waste of his personal finances if it does not succeed. I know that I would not loan millions of my own money to anything or anybody unless I had a massive amount of faith that it was going to be successful and I would be paid back! The person who knows better than anyone the chances of PTOI making it...believes in a BIG way! It is hilarious how anyone could try to turn that into a negative. He could have made more money putting his money in one of several nice safe mutual funds during that same time period! LOL