I'm going to be honest here...I would not pay a fee to have a bank look at my proposal. The money supply has increased dramatically due to more relaxed standards and lower interest rates. At this point, banks don't have ANY leverage. I can easily find a bank that will loan a goodly sum of money as long as I have a and a solid business plan and they trust that I will be able to execute.
The point I tried to make in my last post was that an advance fee is not necessarily required if you have a LEGITIMATE plan. It becomes more apparent as each day passes that New Visual is not in possession of that type of plan or they would have taken a closer look at a few of the opportunities presented to them in the way of financing.
They chose, instead, to pay an advane fee to a company that had a track record of not producing loans for companies that paid the fee. That WREAKS of desperation. The one million they got in "funding" wasn't even funding. The persons walked away with their full investment intact (plus a good bit more) immediately after the investment was made.
Doesn't that ring the alarm bell at all? Does it even raise a light red flag?
EDIT: I really don't want to get tangled up in this debate again. I'm going back into silent mode. Let's wait and see... I personally believe Brad will announce at any time a pay cut for him and the other executives/BOD members. When that happens, IT'S OVER.
Have a good one.
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