Replies to post #17461 on 3Power Energy Group Inc (PSPW)

[Porgie Tirebiter]

Here's some "DD" for ya:

The loan is being made available to the Company at a fixed rate of 5% per annum for a period of 10 years. In addition, the lender will also receive 20% of the annual net profits derived from each project for the duration of the loan. The loan will be secured by the assets of each special purpose subsidiary holding company. Each draw of the loan amount by the Company will be subject to customary due diligence by the lender.

The rate on the loan "looks" like 5%, but the company is handing over assets and fifth of future earnings. That's more dilutive to equity than the issuance of another 8 million shares would be.

This company looks like micro-crap garbage from this angle. Smart money will dump this stock on any pop in share price.

[Schekin]