Replies to post #11582 on Aimwell Partners Inc (AIMN)

[santafe2]

I get that when numbers are this large it doesn't seem possible that someone would make even a predatory loan to a failing company...but they did. So here's how I think this went down. Just my speculation of course, but the loan likely rhymes with this idea.

Ford: I want to borrow $250,000 and I'll pay you back with company shares I'll create over the next year or two.
Loan shark: You understand how risky this is for me and your interest rate will make credit card debt look cheap. Explain how this will work.
Ford: Begins explaining all the great things his company will do
Loan shark: I don't give a flying f-bomb what your company is going to do. How will you pay me back.
Ford: My company has 350 million shares outstanding with the right to create another 3.65 billion shares. It currently trades for .0005 a share. I'll create 40MM new shares a week and ensure there's a market for these shares by writing press releases every couple weeks or so talking about our great progress.
Loan shark: How do I know you'll stay interested in this plan once you have the cash?
Ford: We can't miss, blah, blah, blah...
Loan shark: I'm sure you can't miss and that's why you won't mind that this loan will be guaranteed by you and all your personal assets. It will also be full recourse so death is your only way out if you don't repay this loan. I'm sure that's not a problem for you is it? I mean, you can't miss, right?
Ford: Where do I sign.

So this scenario fits my perception of Ford as a dreamer. And I'm not excusing him for participating in this fraud just pointing out that there are thousands of technically smart inventors that are dumb as a bag of hammers when it comes to realistically understanding the chance that their new-new thing will ever be more than a money burning hobby.

So once he made a deal with the devil, Ford had to overstate and embellish every possible deal, then as it became obvious deals were going south he had to exaggerate, then as it appeared the company was going under more quickly than he thought it would he had to lie. He had to begin fabricating every press release to ensure there were buyers. If not, this inventor in his 70s would find out what it's like when a wolf and a sheep are discussing what they'll have for dinner.

[ToddM]

I agree with that..I'm just a bit bitter over all the nonsense from this summer..I bought way too high and well let's say I'm a bit screwed at this point..sick of these assholes getting to lie and there's no recourse..