Posted On: 09/09/2014 1:53:41 AM
Post# of 4018
humans dont even realize how they sound
listen to the 7-11 press conference announcing the crowd sourcing funding
it can be paraphrased via this syllogism
1) WE'VE GOT THE POWER
2) these co's are desperate for financing and cannot obtain reasonable financing
[IF INFRA WORTH 10-15 M NOT COUNTING INGROUND RESOURCE AND TAILINGS why wont banks loan - mayber because no blm permit or think sirg wont succeed and bank not in the business of mining]
3) thus WE CAN DICTATE OUR TERMS
terms- lender gets ca 1/2 sirgs profit -the accredited investors probably get 20% interest/yr at expense of retail-everything is always at the expense of retail
prime is only ca 3.5% since ca 2009 -money markets near 0%
co loses ca 1/2 profit, which hurts retail long term compared to reasonable bank financing and banks are grey themselves
listen to the 7-11 press conference announcing the crowd sourcing funding
it can be paraphrased via this syllogism
1) WE'VE GOT THE POWER
2) these co's are desperate for financing and cannot obtain reasonable financing
[IF INFRA WORTH 10-15 M NOT COUNTING INGROUND RESOURCE AND TAILINGS why wont banks loan - mayber because no blm permit or think sirg wont succeed and bank not in the business of mining]
3) thus WE CAN DICTATE OUR TERMS
terms- lender gets ca 1/2 sirgs profit -the accredited investors probably get 20% interest/yr at expense of retail-everything is always at the expense of retail
prime is only ca 3.5% since ca 2009 -money markets near 0%
co loses ca 1/2 profit, which hurts retail long term compared to reasonable bank financing and banks are grey themselves
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