Yup, yup, and yup....! A "real" banker would hire a professional mining engineer or metallurgist to evaluate the available data and see if that slag pile really had any gold or not. And, evaluate the extraction process and all the test results, and see if there was any basis in reality.
They would ask for reports to review - which, as I have said a dozen times, have never been made available by SRCH. A company that does not make their technical reports available for review is plainly a scam.
These "lenders" were in it strictly to make a buck at high interest rates, or in discounted shares, or both. I believe that's called toxic lending. They're not dumb - investing for the gold in the slag was never part of their plan because it ain't there.
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