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Posted On: 10/06/2017 1:12:53 PM
Post# of 2023
Re: PreferredCareNC #287
Lenders such as GS get discounted shares at
rates between 20-50% to market - I believe this toxic deal was around 30% and goes way back. Tack on interest and any other punitive items and you have a sh%$t storm.
Share structures suffer tremendously and the lender can sell whenever they want which is typically immediately - they are not interested in "investing" in penny stocks.
Fortunately this deal was not for a significant $ amount and is almost extinguished.
rates between 20-50% to market - I believe this toxic deal was around 30% and goes way back. Tack on interest and any other punitive items and you have a sh%$t storm.
Share structures suffer tremendously and the lender can sell whenever they want which is typically immediately - they are not interested in "investing" in penny stocks.
Fortunately this deal was not for a significant $ amount and is almost extinguished.
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