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Re: Ecomike post# 78362

Friday, 10/19/2018 6:38:14 PM

Friday, October 19, 2018 6:38:14 PM

Post# of 85933
The bank is not offering a 'sweet' deal, as a matter of fact prime (as defined in the agreement, which is not true prime) + 2% is steep for an LOC and especially for a business.

Other businesses are getting prime + .5% with regularity.

And the LOC was also secured against the assets of the company.

Thats what happens when there is HIGH RISK with a company that is having troubles paying the expenses to the tune of $1M per month.. as per the last 10Q.

I cant wait for the next one. Always seems to be some selling before one comes out, and a whole lot of selling after.

TRIP zeros cometh.

GLTA & JMO