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TenKay

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TenKay

Re: KeepItRealistic post# 69425

Saturday, 12/23/2023 8:56:56 PM

Saturday, December 23, 2023 8:56:56 PM

Post# of 71131
The interest rate they quote is a distraction…to cover up the fact they are actually paying 225% annualized rate on the loan.

They will get $32 million on January 1 and have to repay $50 million 3 months later.

The $18 million is called an “original issue discount”…but it is nothing more than the vig to the lender.

so they are paying about 56% for a three month loan.

1) Do I own stock?
Answer: No. I don’t invest in penny stocks.
2) Why am I here?
Answer: I like debating things that I have a 95% chance of being right about.
3) Am I a paid basher?
Answer: Wait…what? You can get paid for this?

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