InvestorsHub Logo
Followers 18
Posts 1490
Boards Moderated 0
Alias Born 07/23/2019

Re: e-ore post# 67323

Tuesday, 05/05/2020 8:44:43 PM

Tuesday, May 05, 2020 8:44:43 PM

Post# of 73930
Do you think PBC is the only client that has deposits with them? Once funds are deposited by their clients, they become part of a pool of deposits owned by PBC. Those deposits are typically used for investments, loans between banks, or whatever PBC thinks will make them a profit. They could pay a wire transfer from that pool or whatever account they wish. This 1M payment is nothing to them in terms of their pool to draw from.

There is no lock box with CANN's name on it. It's PBC's money until CANN wants it back. Just like there is not pile of cash sitting in the vault in the bank of your personal savings account with your name on it.