RE: RE: RE: RE: Corporate UpdateIn response to windguy1:
Well, now that your being more specific, 25% per annum is the calculated rate indeed, yet if you add up what they paid its 6% so far. I've personally have taken unsecured loans for more interest then 25% per annum so to me, it's not as crazy as you're making it sound. It's the cost of doing business. By the way, 25% per annum divided by 12 months in a year is 2.08 % per month.
In your perfect world they would just walk into TD and borrow 3.5 million or so at what, 3%? Or maybe 0% and the bank gives them stock incentives for borrowing the money?
Look at what Warren Buffet charged Goldman Sachs to borrow 5 billion. if he sold his stock today, adding in the interest and all the extras he included he charged them 52% for there money, that's a fact. It will actually be much higher since he won't purchase the warrants until the deadline nears in 2 years.
Btw, I love it when bashers come around, means were getting ready to move up! Better clear the shorts!