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Replies to #4034 on NIR Group
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stockmasterflash

04/01/11 3:26 PM

#4035 RE: pdgood #4034

It's like paying your mortgage

You have a $200 grand mortgage

You make $200 grand worth of payments-- you can't claim you paid in full. Probably paid less than 25% of the note in fact.

This reminds me of Ingen. Borrowed $2 million

5 years and Many Many Billions of shares later...Ingen owes about $2 million.

If company is only paying the Vig, the balance is probably increasing rather than decreasing no matter how many payments they make.