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TradeasaurusRex

08/10/13 11:05 PM

#9168 RE: Ragsy #9167

Really? With what money did they pay for all the publishing? With what money did they pay for the trip to San Diego? The revenues are not enough to cover any of that. Let's say they paid for it with the original sale of the stock to us and did not tap into the credit line. Haul claims Benny refuses to go into debt to pay for anything. Therefor the credit line is useless. Can't have both. Let's say he is keeping the credit line for a rainy day. Does that mean REDG will be surviving off of that credit line until the revenues start? What if the revenues take longer than even REDG anticipates. Does the loan company then take over ownership? Can they foreclose? I have no idea. On the flip side, this company with no debt which we like to brag about will no longer be that company with no debt? How much of that $5million is actually available for unsecured expenses and how much is revolving? What are the terms of this "credit line". Don't be a fool, there is great risk involved in this and many questions which deserve answers. Again, I am gambling with you and REDG, but make not bones about it, we are gambling and Benny needs to start answering some questions.