My take: in a couple paragraphs ,I would say t
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Posted On: 02/08/2017 3:43:45 PM
Re: Goodspeed65 #11463
My take:
in a couple paragraphs ,I would say that KMB certainly manipulated
and took full advantage of a small business. First, they bought
a series of notes off original note holder Asher for 50% on the dollar. They then in turn made another 30-40% on each conversion/ note and undoubtedly shorted each conversion, making another 40-50%. Then, they have the gall to put a penalty of 35% for each day/week that HJOE is late handing over additional shares. This is no different or worse than loan shark premium prices. Probably worse.(so they made 100% on the notes from
Asher and then doubled down and made 40-50% on the portion HJOE
owed) Insane...
There is no way KBM can say that they did not make out like gangbusters on Ashers note, nor can they say that they did not make the note money back, plus a huge premium. The fact that HJOE got tired of being held hostage is a testament to the company trying to combat this unfair practice and playing field. One can say that HJOE entered into this knowingly, but the fact
remains that the interest on these short term notes are so ridiculously high,
that no judge could say in their right mind that these are not unfounded,
improper,and certainly usuary---excess loan shark interest rates.
If one looks at KBM past lawsuits, rarely if ever have they gone to trial.
There is a reason for that, KBM does not want to show the books. Once they do, a judge can clearly see the unrealistic percentages and insanely high
short term profits they make. Making over 100% on a 45,000 note in
a couple months is outrageous.
In essence, the only guy in town should not be allowed to dictate whatever price he wants in a mob like fashion. It is time companies stand up to these
practices and crazy interest rates. Keep in mind that they do Short their
payments in the form of shares, knowing that they will flood the market with these shares. So they know the time of delivery, conversion,and then short. That is almost like insider trading.
This also goes against a small company,shareholders, and the whole
premise of fair trading.
We have regulations on a lot of things......except small company,loan, interest
rates....which are asinine. Bring on KBM and let them open their books
on this case. Will THEY? As P.V. said, do they want to disclose their
operation, that I have just discussed?
HMMM
TS
in a couple paragraphs ,I would say that KMB certainly manipulated
and took full advantage of a small business. First, they bought
a series of notes off original note holder Asher for 50% on the dollar. They then in turn made another 30-40% on each conversion/ note and undoubtedly shorted each conversion, making another 40-50%. Then, they have the gall to put a penalty of 35% for each day/week that HJOE is late handing over additional shares. This is no different or worse than loan shark premium prices. Probably worse.(so they made 100% on the notes from
Asher and then doubled down and made 40-50% on the portion HJOE
owed) Insane...
There is no way KBM can say that they did not make out like gangbusters on Ashers note, nor can they say that they did not make the note money back, plus a huge premium. The fact that HJOE got tired of being held hostage is a testament to the company trying to combat this unfair practice and playing field. One can say that HJOE entered into this knowingly, but the fact
remains that the interest on these short term notes are so ridiculously high,
that no judge could say in their right mind that these are not unfounded,
improper,and certainly usuary---excess loan shark interest rates.
If one looks at KBM past lawsuits, rarely if ever have they gone to trial.
There is a reason for that, KBM does not want to show the books. Once they do, a judge can clearly see the unrealistic percentages and insanely high
short term profits they make. Making over 100% on a 45,000 note in
a couple months is outrageous.
In essence, the only guy in town should not be allowed to dictate whatever price he wants in a mob like fashion. It is time companies stand up to these
practices and crazy interest rates. Keep in mind that they do Short their
payments in the form of shares, knowing that they will flood the market with these shares. So they know the time of delivery, conversion,and then short. That is almost like insider trading.
This also goes against a small company,shareholders, and the whole
premise of fair trading.
We have regulations on a lot of things......except small company,loan, interest
rates....which are asinine. Bring on KBM and let them open their books
on this case. Will THEY? As P.V. said, do they want to disclose their
operation, that I have just discussed?
HMMM
TS
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