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TimmyPathetic

05/24/22 12:16 PM

#28287 RE: cautiousoptimism #28284

I'll chime in on this.....

Regarding the 40% number, it has been mentioned/brought up on several SIRC social media sites.

Is it at an obscene 40% borrow rate - who the blank knows?
Is it 5% as someone stated earlier here on IHUB - who really knows.
Where's this Wanda CFO (glorified accountant) at?

I think it is safe to understand an 800K loan was taken out very recently by SIRC to cover short term expenses. May have been to just make payroll.
Again, can you imagine employees morale when they find/talk about this at the water cooler?

Definite Short-Term Cash Flow Problems

I just do not understand how we as "valued shareholders" get no damage control statements from SIRC themselves.

It is more than ever apparent to me - that as a retail investor - we are on SIRC's bottom rung of concern. We are the losers here - 17+ straight months of losing - while everyone else on the inside makes money.