This situation is unusual but potentially more beneficial than accumulating unnecessary debt through share swaps for banked salaries and consulting fees. No one works for free, but the real question is how many people in VRBFF have been paid, or will continue to need to be paid, in shares. It is conceivable that issuing shares for salaries, questionable advice, and promotional content has massively diluted the value for genuine shareholders, benefiting only the share accumulators. In my opinion, this is the biggest threat to VRBFF and resembles a strategy often seen in penny stock promoter books. In the scheme of things, $18K per month loan payment for a production facility is a much better option than public funding a luxury vehicle for the CEO.
Key West Ford is a car dealership located in New Westminster, British Columbia, Canada. They primarily specialize in the sale of new and used Ford vehicles, offering a range of services, including vehicle financing, parts, and servicing.
Profile of Key West Ford
Location: New Westminster, British Columbia, Canada
Specialization: Sales of new and used Ford vehicles
Services Offered:
• Vehicle financing options
• Parts and service departments
• Trade-ins and appraisals
Reputation: Generally known for their customer service and a wide selection of vehicles.
Non-Car Related Loans
While Key West Ford is primarily a vehicle dealership, it is not typical for such dealerships to offer non-car-related loans directly. The financing options they provide are usually linked to vehicle purchases or leases. However, dealerships often work with financial institutions or third-party lenders to facilitate loans.
If Key West Ford is involved in providing non-car-related loans, this would typically involve partnerships with financial services companies, which might include:
• Commercial Equipment Loans: Financing for purchasing machinery or equipment for business purposes.
• Business Loans: Providing capital for business expansion or operations.
Risks Associated with Non-Car Related Loans
1. Interest Rates: Higher interest rates compared to traditional bank loans could increase the cost of borrowing.
2. Collateral Requirements: Loans may be secured by specific assets, increasing the risk of asset loss if payments are not made.
3. Financial Stability of the Lender: The lender’s stability could impact the availability of loan modifications or extensions.
4. Market Conditions: Economic downturns can affect both the borrower’s ability to repay and the lender’s willingness to provide favorable terms.
5. Regulatory Changes: Changes in regulations could affect the terms and conditions of loans.
6. Reputation and Trustworthiness: If the lender lacks a strong reputation in non-car-related lending, it may pose additional risks.
GLTA, VITF