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Mister Silver

03/19/22 10:15 AM

#11873 RE: diggitydoodle #11872

Probably wise not to expect anything from this until the offering is complete.

It will take 2 million dollar at 0.0004 to eat up this offering and we can get back to trading normally.

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That said, I'd be extremely sus that they will not pay off their loans. HERE'S WHY. They claim the loans are fixed rate, but they are not.

Every loan they took from the labrys fund had a little asterisk next to it that said something akin to..."price @ amount unless future leans have more favorable terms" - which then their own future loans to the company were on favorable terms.

TL;DR - There is a very real case to be made that the fixed rate loans are actually fixed at a very low rate rather than the reported rates. They claim to have loans at 0.0055, however, they also have terms on their loans for 0.0010 which is way more favorable, and with proper argument, even though it's themselves who got the more favorable term; they can push all the loans where shares are priced at 0.0055 down to the lowest term agreement. (The lowest terms of their loan will be what each and every one of them follows despite saying higher rates).

Only select few will understand what I'm saying, but this is really fucking important, because Kevin said only fixed rate at a higher price, but is so stupid, he turned around and gave them loan terms where they aren't fixed rate.