The CEO has "loaned the company" over a million do
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Posted On: 09/18/2019 10:11:08 AM
The CEO has "loaned the company" over a million dollars. A/R is over 7 million and the company has supposedly collected millions more. Yet the CEO constantly takes out convertible notes. Why not just loan the company more money from his own account at the 5% rate?
How can a company with $6 million+ annual sales & $2 million annual profit not be able to find ONE conventional lender to loan it money? Maybe they have never tried. Or maybe they know something we don't (but we actually presume we know it).
Things that make you go hmm!
How can a company with $6 million+ annual sales & $2 million annual profit not be able to find ONE conventional lender to loan it money? Maybe they have never tried. Or maybe they know something we don't (but we actually presume we know it).
Things that make you go hmm!
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