First American Scientific Corp. (fka FASC)

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Asset based loans can certainly secure the loan by assignments of bona fide contract revenue streams and other accounts receivables.

Lender's are not that dumb to allow Borrowers to bonus themselves out loan proceeds. In fact many commercial loan documents preclude the payment of distributions and dividends and even restrict Borrowers from paying additional forms of compensation (i.e. salary increases and bonuses) without the Lender's express written consent. The remedy for a breach of course is to call the loan in default. I don't think Cal would travel down that road.