Wednesday, September 09, 2020 6:55:38 PM
Read the news:
Fvndit is a private company - CEO = Tan Tran.
VMNT owns 20% of Fvndit.
The next think you need is a basic understanding of banking.
On a bank's balance sheet LIABILITIES are the sources of acquired funds.
How those funds are used are ASSETS
So, when cash is lent out via a loan -- the LOAN becomes the asset as the loan consists of the money lent + the money that will be repaid with interest.
As a general rule the person who lends the money is looking for a return on their money with interest. The lender/bank/whatever makes their money on fees for originating the loan.
Now read this from this press release:
Its non-dilutive because:
A: the money was not deposited with VMNT
B: its debt financing where the lender expects his money to be lent out and returned with interest.
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the news is more about FVNDIT than it is about VMNT. That is why the seperate press release WHICH MAKES ZERO MENTION OF VMNT
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[as a former MLO and hard money lender I know how lending works]
It's easier for rich man to go through the eye of needle than it is for a camel to get into heaven.
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