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lucky, mydog

03/22/15 1:34 PM

#7620 RE: PennyStockTrader2 #7618

They probably would also build a better reputation in the industry so that other companies would come to them for lending. Again, I know they are in the business of making money

my goodness, they don't need a reputation. they make money by lending to companies who have no other means to borrow money. their profits are locked in in the lending agreement and their terms are always favorable to them. toxic financing IS dilution. always. and these deals are not done so that someday the lender can someday sing kumbaya with the scam company.
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AthleticsFan

03/22/15 2:15 PM

#7625 RE: PennyStockTrader2 #7618

Man oh man, what your saying makes since but I'm guessing you never heard of Irion Ridge Global...they will literally dilute you into bankruptcy. A $5 million loan could turn to diluting a stick and taking 30 mil, 25 mil past what was lended. Their under investigation now but it happens, it's wrong but that's why board members should read a contract before accepting a loan. Thankfully XCLK didn't make a deal with the devil, things could be WAY worst here. IR would dump 250 mil shares in a trading day with no let up. XCLK is a hot pick, it moved to a bid on less than 20 mil in trade volume this week. XCLK is looking good imho.