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Posted On: 09/22/2017 7:39:58 AM
Post# of 40990
This F/T job has me consumed not to mention after work activities. I'm in the office now and forgot all my notes I took during the conversation with the WF source.
From memory and my memory is horrible:
- Stated the loan was approved by 1 or more banks.
- ONCI used receivables as collateral.
- Stated loans of this size must have proven revenues and net worth of $50 mil plus
- Stated reason for the loan was 20 signed contracts with car makers such as BMW, Ford etc.
That's pretty much it. Just like you said Winston I'm hoping the CEO PR's this information. I wonder why Insta never asked the CEO about the loan. SEC rules maybe.
GLTA
From memory and my memory is horrible:
- Stated the loan was approved by 1 or more banks.
- ONCI used receivables as collateral.
- Stated loans of this size must have proven revenues and net worth of $50 mil plus
- Stated reason for the loan was 20 signed contracts with car makers such as BMW, Ford etc.
That's pretty much it. Just like you said Winston I'm hoping the CEO PR's this information. I wonder why Insta never asked the CEO about the loan. SEC rules maybe.
GLTA
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