InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,168.00
(
0.52%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.28
(
0.00%
)
Bitcoin
66,093.84
(
0.13%
)
Post# of 68548
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

deal guy

Send PM Follow Ignore
Followers 15
Posts 824
Boards Moderated 0
Alias Born 12/12/2013

deal guy

Re: Jabez Advisory post# 60331

Wednesday, 11/28/2018 11:11:04 AM

Wednesday, November 28, 2018 11:11:04 AM

Post# of 68548
My analogy to payday loans is that he is a lender of last resort. You don't go to him if you could raise capital through traditional sources. He is one step above Lenny the Loan Shark on the capital markets tree.

If there is no bid Fife can only get paid by pursuing bankruptcy. In the meantime his claim grows by default interest. Since there is very little in this shell the only way he likely gets paid is to chase the promoters (like Kwak and Siegel).
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up