RE: KODIAK LENDS 30 MILLION...This response obviously isn't in response to Diamondwiz, but rather to those that may want to discuss Kodiak and their business model. By the way Diamondwiz they have placed over $250,000,000 in ELOC, not $100,000,000.
Regarding Kodiak, the fact they have no operating website, doesn't really bother me, "LLC" firms, like many Hedge funds are quite private and operate as they want. It is really hard to find accurate information on such firms on the web. It is my understanding that Kodiak was introduced to Dianor and not the other way around, this is meaningful to me. The question of course... who or which organization introduced them?
We can certainly see that Kodiak is very agressive, signing ELOC contracts with multiple companies, in a relatively short time... this seems to be their business model... providing personnal credit margins, once you have one, you rarely need to get another one. Kodiak's, flood the market approach, seems to make sense in a business point of view, for one obvious reason. They don't make money, other than their free shares on signing, until there is a draw down of funds. Therefore they can't bet only on one horse at a time, the more ELOC contracts they have, the more chance of making money. If one client, {see Madmann's latest post} goes another direction, ie debenture funding, then Kodial only has the original free shares for making the money available. BUT if all their contracts are consumated, the deeper their pockets must be as they would have to cover multiple draw downs at the same time. Therefore, the question that Diamondwiz did raise, which we will not find the answer to... "who is really behind the scene?" Whereas the answer to the question I raised earlier... who or which organization introduced them?
may become apparent in the future.