Replies to post #107326 on Viva Entertainment Group Inc (OTTV)

[janetcanada]

I assumed that a Line of Credit it is "Equivalent" to a Loan....

From Google...

<<If you have outstanding debts, a personal loan secured by your current assets (like property or a line of credit) can help you consolidate debts into one loan. With lower interest rates than most credit cards, a personal loan can help you manage your monthly payments.>>

Thank You Darrel!

Best of luck

janet

[DirtyPenny]

it is never a loan, ignition gives jf cash for discounted shares, that is the end of that transaction. ignition can do as they please with those shares, which in all probably is to sell them on the open market for an immediate gain. furthermore, ottv probably couldn't get a loan as they have nothing of value to back such a deal, which is why they have to take this type of financing....enjoy all your new shares