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Friday, August 20, 2010 11:46:50 AM
NOW...you want creative financing? How about taking a company public (D&D Displays) that just lost $347K in 2005 and before the ink dries on the incorporation forms, you are out selling off and pledging millions of dilutive shares, taking out a line of credit with an OBSCENE annual interest rate in the neighborhood of 25%, running it up to over $517K by June of 2006 and THEN lending YOURSELF money from that credit line that is costing your shareholders 25% a year. And using only the free shares you got for your cash bleeding cabinet company as collateral? Now buddy...THAT is creative financing, LOL! Although others might have a slightly different term for it. All IMHO.
SBB
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