So you can't validate Kyle's claims made in the vi
Post# of 7802
Posted On: 09/13/2015 7:52:18 PM
Re: Coat Tail Rider #1599
So you can't validate Kyle's claims made in the video? Welcome to the crowd, I couldn't either.
I think family and friends have had $9MM in debt notes, but I wouldn't consider a scenario where someone loaned the company say $15K and got repaid w/interest, only to loan more money later, then got repaid w/interest, then loaned again, then got repaid w/interest.....etc.....an investor. I would call them a lender that CHARGES interest. Investors don't charge interest, they look to make a ROI.
I realize some (ahem) family notes are in default, but I could see where SEVERAL could have been paid. What would be reassuring would be to see lenders with notes in default sign a pledge saying they would NOT foreclose on the assets.
But at least we agree there hasn't been "investments" to the tune of $9MM by family and friends as Kyle described.
Isn't it very interesting that Kyle doesn't see common shareholders as investors? That's where the real investment is, but he sadly doesn't see it that way. At least he didn't reference them in the video as "investors".
Common shareholders don't loan money to the company on "terms", they buy shares (INVEST) in the open market with absolutely NO assurances. At least the lenders with notes in default have recourse....ie foreclosure on the assets. Common shareholders don't have that option. If they lose money......they lose money. There is little to no recourse.
As for Micah and my investment over there, I think "capted" thinks the same way I do. I had money to "invest" and I did.
Do you have a problem with that? It's my money. I'll invest as I see fit. If I lose I lose. If there is something investors should be concerned about other than the obvious posted there by me earlier, please say so. I know the company has lost nearly $1MM since going public, plus the current burn rate is likely in the millions since they are ON SITE, but I'm okay with that.
I appreciate Gold Boy's efforts over there though. Folks should read the filings and companies should encourage it.
I think family and friends have had $9MM in debt notes, but I wouldn't consider a scenario where someone loaned the company say $15K and got repaid w/interest, only to loan more money later, then got repaid w/interest, then loaned again, then got repaid w/interest.....etc.....an investor. I would call them a lender that CHARGES interest. Investors don't charge interest, they look to make a ROI.
I realize some (ahem) family notes are in default, but I could see where SEVERAL could have been paid. What would be reassuring would be to see lenders with notes in default sign a pledge saying they would NOT foreclose on the assets.
But at least we agree there hasn't been "investments" to the tune of $9MM by family and friends as Kyle described.
Isn't it very interesting that Kyle doesn't see common shareholders as investors? That's where the real investment is, but he sadly doesn't see it that way. At least he didn't reference them in the video as "investors".
Common shareholders don't loan money to the company on "terms", they buy shares (INVEST) in the open market with absolutely NO assurances. At least the lenders with notes in default have recourse....ie foreclosure on the assets. Common shareholders don't have that option. If they lose money......they lose money. There is little to no recourse.
As for Micah and my investment over there, I think "capted" thinks the same way I do. I had money to "invest" and I did.
Do you have a problem with that? It's my money. I'll invest as I see fit. If I lose I lose. If there is something investors should be concerned about other than the obvious posted there by me earlier, please say so. I know the company has lost nearly $1MM since going public, plus the current burn rate is likely in the millions since they are ON SITE, but I'm okay with that.
I appreciate Gold Boy's efforts over there though. Folks should read the filings and companies should encourage it.
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