Post by
suomynona on Feb 27, 2020 11:44am
Imaginary Ghana Asset
A credible asset is a resource that has value and is owned or controlled by an individual, corporation, or government.
The "asset" that EHT is touting is owned and controlled by a kleptocratic government... so it's not really an EHT asset at all, at all, at all.
A credible lender sees this Ghana "asset" as even less than an intangible, existing only as a whim of authorities that (to be generous), do not enjoy a good reputation.
This is why EHT can't go to a real lender like a bank, and exists only by being a beneficiary of stock promoters, junk paper pushers, and naive investors.
If only EHT produced product as fast as it produces shares, warrants, and news releases.
Comment by
locoocho on Feb 27, 2020 3:02pm
So wait.. a 100,000 homes were funded with imaginary assets?? Haha you are creative I will give you that.. why are you posting here ? So many better shorts right now.. Oh yes I forgot it's personal for you.. Never let that happen sumo you will never make any money
Comment by
SIutteringJoe on Feb 27, 2020 7:09pm
This post has been removed in accordance with Community Policy
Comment by
TriumphSpitSix on Feb 28, 2020 12:20am
The land definitely IS an asset of the JV. They are just contractually limited in what they can do with that asset. Otherwise EHT would not be able to recognize their 70% share of its value on their books. It will be used 1.) as collateral to secure the funding for the construction project and 2.) as the situs for the homes and related infrastructure.