RE:RE:RE:must be sitting on a mound of inventory.@DecoyDuck
Are you high? Clearly, you are the one deluded if you believe LGC lent out $2,500,000 free of charge “Only if and when GCL ever made a profit would LGC get any income.” - DecoyDuck
Thanks for the obviously take on minority shareholders, fantastic waste of time.
I’ll briefly clarify:
- Secured debt debenture $2,500,000 @7% for 4years = guranteed annual income.
- We don’t own 30% of GCL, yet, but the chance of this happening looks great. I say this because GCL’s licence has an unlimited expansion limit. So if GCL came across $2,500,000 why would they pay off their loan when they could leverage that money to expande further? 30% of the business may sound like a fair amount to give up, but GCL has to consider what is included in that 30% stake which includes LGC management team, employees, marketing, option to cross pollinate products with other LGC Investees and everything else that goes with having LGC as a partner. It’s safe to say LGC will help grow GCL sales more than 30%.
- Further more; the 5% royalty to LGC was exchanged with 15,854,141 LGC shares in lue of $2,000,000. This gives more incentive for GCL to want to remain in business with LGC and help the share price grow
- Once we own 30% of GCL, our 30% will not come of sales directly; however, as GCL pays off debt and grows it’s assets LGC’s 30% portion of GCL will grow in value also.
*Full credit to the LGC team for their creative negotiating tactics.*