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Alias Born | 11/30/2012 |
Monday, January 06, 2014 11:25:13 AM
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...
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