Posted On: 05/23/2016 10:32:18 AM
Post# of 3601
If George was buying stock on the open market it would be great. He is not. He is issuing himself stock at market pricing while calling it a loan at 17% interest. He can't lose. If the stock goes down he still gets 17% interest on the loan. If the stock rises, he can cash in his own "toxic" loan at market price. What am I missing?
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