Niocorp Developments Ltd (NB): I am no expert on foreclosures but Gene...

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Re: Big Casino 1518 post# 48398

Tuesday, 04/23/2019 10:24:37 AM

Tuesday, April 23, 2019 10:24:37 AM

I am no expert on foreclosures but
Generally when someone defaults on a loan the lender is entitled to foreclose and recover the approximate value owed on the loan. In the case of loans made for or on real estate, there is a forced sale (in many states called a Sheriff's sale.) It is a public auction. It is well advertised. The lender gets what he is owed, the other creditors and stock holders get the remainders. I don't actually know how much Mark has loaned the company. But, unless it us up around $100 million, I really doubt he could foreclose and get the entire company.

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