Niocorp Developments Ltd (NB): He ain't getting the money back if t...

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Niocorp Developments Ltd (NB)

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Re: WalterSobchak post# 52235

Tuesday, 08/27/2019 1:07:25 PM

Tuesday, August 27, 2019 1:07:25 PM

He ain't getting the money back if the project does not go forward, one way or another.

His loans are secured under the terms of the loan.

"All amounts owing under the Credit Facility will be secured pursuant a General Security Agreement granted by the Borrower to the Lender dated June 17th, 2015."

https://www.sec.gov/Archives/edgar/data/1512228/000161577417000211/s105154_8ka.htm

In the event of default, he will be made whole before shareholders. Not that the shareholders will make their money back in the event of default.

Rule #1 is never lose money.

Rule #2 is never forget Rule #1.

My posts are my opinions only. Do you your own due diligence.

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