GREY:NWMMF - Post by User
Post by
vcrichtradeon Oct 05, 2011 3:11pm
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Post# 19122439
NWM has horrible debt 20% interest rate
NWM has horrible debt 20% interest rateI argree that bioteq fired their previous CEO...but honestly that means they have checks and balances...NWM is run off of a credit card. If they had any hope in hell they would get a low interest loan from a bank at 2-5 percent. Running a business off debt that has approx. 20 interest on it has got to make you question it's viability as a real business.Honestly, to do a proper drill and expand this resource is going to cost millions..they have millions of debt with mininal to none cashflow.