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Re: DTL post# 10699

Monday, 01/06/2014 11:25:13 AM

Monday, January 06, 2014 11:25:13 AM

Post# of 42190
Its not fair to use your brother as an example for KGET. There are so many variables here that your not including. Did your brother secure this loan with money down? Equity in his business? Did he have ZERO money, ZERO assets, and ZERO revenue?

I think simple interest financing is a great way for a business to obtain financing. But you have to get approved for a loan first.

Do you think that KGET could get a million dollar loan based on having virtually nothing or its current state of affairs? How is KGET going to repay this loan? They have nothing to sell. Oh wait, they have shares to sell...oh but there is NO WAY this company will dilute...

Im not an underwriter for small business loans, but from what I see, I cant see a bank or institution giving an exorbent amount of money to a company that has nothing but a patent and no way to pay back one cent of the loan...