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Post# of 68548
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deal guy

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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).
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