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Re: DevG post# 87682

Thursday, 12/23/2010 5:51:46 PM

Thursday, December 23, 2010 5:51:46 PM

Post# of 173012
You don't really think that a 20 mill LOC is an open checkbook to spend up to 20 mill whenever they please (like a home equity LOC) do you? With a home equity LOC, you're putting up your house against that. And not the appraised value of your house, the value of your equity in the house.

That LOC is based on equity, revenue and shares available to pay it off. These happen all the time in pinky land, and OTC, but don't really give the company added value as they are what they are. If you get 10 credit card offers for $500 each does that make your personal value $5000 more?