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robtewms

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robtewms

Re: BillJay post# 20954

Monday, 09/17/2018 8:02:46 PM

Monday, September 17, 2018 8:02:46 PM

Post# of 31087

When a bank issues a revolving line of credit, the bank has a blanket lien, meaning they have ties to receivables, inventory and commercial real estate, basically all the assets of the company. The note with Johan Eliasch is no different than any other commercial lending transaction. It's a great partnership.


The Johan is not a bank. But eventually, he will bankrupt TMPS. No partnership here. Just plain greed. By the way, I love that show. Willing to bet The Johan headlines someday soon.


*Disclosure: My posts are solely for entertainment purposes; mainly my own. Do not take my posts as a recommendation or solicitation to trade any securities. Do your own Due Diligence (DD).

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