Posted On: 11/07/2013 9:56:44 AM
Post# of 36728
Re: trade4money #11734
Here's my take... and it's not exactly a guess. This is how Asher notes are written (generally speaking of course)...
Lets say someone like Ralph Hipplepotomous way in the past needed maybe $20k and went to Asher... Asher writes the agreement like this:
- You have 3 months to pay it back
- If you pay it back in 3 months you owe 50% interest
- After 3 months GFY. You can't pay it back unless you're asked to pay it back. You won't be asked.
- Conversion will take place at par and interest will accrue as well all along the way to maximize the # of shares on the conversion.
- now lets say "Ralph" needed lots of $20k's...
So there you have it folks... SKTO is much cleaner than it's red-headed stepchild. Apologies to any gingers here.
BK
Lets say someone like Ralph Hipplepotomous way in the past needed maybe $20k and went to Asher... Asher writes the agreement like this:
- You have 3 months to pay it back
- If you pay it back in 3 months you owe 50% interest
- After 3 months GFY. You can't pay it back unless you're asked to pay it back. You won't be asked.
- Conversion will take place at par and interest will accrue as well all along the way to maximize the # of shares on the conversion.
- now lets say "Ralph" needed lots of $20k's...
So there you have it folks... SKTO is much cleaner than it's red-headed stepchild. Apologies to any gingers here.
BK
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