RE:Our management groupGeodcan, where did you get this "commerciallu accepted" thing from? There is no discussion about the rates attached to that loan anywhere.
geodcan wrote: is trying to keep us on a "need to know" basis! I noticed some other interesting wording in regards to Ricks recent financing to Tinley's. It suggested that the rate of the loan was at a "commercially accepted" rate.
I've seen "commercially accepted" rates that go anywhere from 10% to 60%! I know that risk capital is expensive, especially for pot stocks that are being right-sized and downward evaluated. Throw that in with a 15% finders fee and the borrower will only get 25c on the dollar.
I am happy to see some actual printed nr that the license has legally transferred but giving shareholders numbers that they can mulch around is important and if there are any upward surprises coming from these vaguely worded tidbits of info, it will give shareholders a good indication of how solid our business is and keep in mind, that not telling comes off as not telling the truth to most shareholders.
I guess if/when we find out the real costs of the borrowed dollars from Rick and they are at the top end of the scale, I would construe that as a grab and seriously question if shareholders are being put first.
I still believe that Rick is a man of honour and wouldn't jeapordize his credibility, although there is room for doubt without full disclosure of details.
glta and dyodd