OTCPK:VRXWF - Post by User
Post by
blueblackon Jul 03, 2016 8:09pm
199 Views
Post# 25018315
Looks like the only way to make money here is to loan the
Looks like the only way to make money here is to loan the Company money ...."Rob Chase with respect to a loan facility for a principal amount of up to $1-million, subject to certain parameters, in favour of the company, as evidenced by a promissory note. The loan is repayable in full, 36 months after the closing date, and will bear interest at a rate of 15 per cent per annum. Interest is payable monthly with the first payment due 30 days after the first advance. The company has entered into a general security agreement with the lender as security for the loan."
Mean while no value for the S.H.
I think the president of this Company David McClaren has done it again trapped the S.H. for a long time mean while securing loans to he;s buddy Rob Chase and in the meantime extended he's position for himself but NO VALUE FOR THE SHARE HOLDER AT ALL!!
David Mc McClaren used the same MO over at VRW and created NO VALUE FOR THE SHARE HOLDERS BUT HIMSELF!!
BTW I hope I am wrong b/c I have a few $$$ invested here. Like they say time will tell.
B.B.