I guess when banks/lenders decline a loan to someone who has a history of not repaying credit, or falling behind on debt payments, judgements, collections, charge-offs, foreclosures, bankruptcies, reposessions, etc, guess the bank should approve/invest in them anyway based on the logic of......they had some very unsavory decisions in the past, good thing that damage has already done and they can move forward, loan approved!
Using that logic, lenders thinking should be: Now is the time to invest our money in you, because all that stuff is behind you now.....smh
I will put in MYDX terms, they have a history of:
unpaid debt (collections)
unkept promises (delinquencies)
botched partnerships (judgements, poor ones)
dilution (charge-offs)
botched product releases (repossessions, no one else has yet to possess them...lol)
Fluff PR's (short sales)
Disappearing partnerships (foreclosures)
So......one can look into the mind of seasoned investors/lenders and predict that they WILL NOT be saying, "its all in the past, glad it is behind you now, investment approved, here is our money".....smh
HARSH - SUBJECTIVE
REALITY/FACTS - YES
