InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,940.03
(
-0.62%
)
Post# of 202893
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

midrew

Send PM Follow Ignore
Followers 4
Posts 2295
Boards Moderated 0
Alias Born 05/14/2007

midrew

Re: LC-GATOR post# 178738

Thursday, 01/21/2010 10:32:24 AM

Thursday, January 21, 2010 10:32:24 AM

Post# of 202893
The 15 day Bridge Loan has long passed. Do we know if it was used as intended? Do we know if they paid it back? The intent was to show a lender they had backing for getting an LOC. Which doesn't make a lot of sense since it has to be paid back almost immediately, and they still have the same sales and cashflow for qualifying for a loan. I guess I don't understand flashing someone's $200,000, givng it back, and then asking for a loan. How did they better their position? I must be missing something.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up