ST Alpha - "I wanna know what entity was stupid enough to loan them the $5 million? -- nm" (Reading a Post)

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In response to "I wonder how refunds would work." by David

I wanna know what entity was stupid enough to loan them the $5 million? -- nm

Posted by Qale Jul 27 '18, 08:25

(No message)

Responses:

Bob's Pay Day Loans. 22% interest (per day). -- nm - pmb Jul 27, 08:37 1
- You’re not actually exaggerating all that much. -- nm - znufrii Jul 27, 09:13
some one who needs a loss on their books to mitigate an even bigger gain -- nm - decline Jul 27, 08:34
I would assume one that already has funds involved. -- nm - Spawn: I AM Blood Feud Jul 27, 08:32
That's actually an interesting question. They have to realize that money's a coin flip to get repaid. -- nm - David Jul 27, 08:28 14
- Hedge fund. High risk, high reward. - znufrii Jul 27, 08:59 10
  - They’re paying $1.2 million to borrow $5 million for ten days, half of which is payable after five? Am I reading that right? -- nm - znufrii Jul 27, 09:06 9
    - You are. Plus 15% pa in late charges. (NM) - Marlowe Jul 27, 09:47 1
      - And their firstborn child, while they’re at it, because why not? -- nm - znufrii Jul 27, 09:52
    - I haven't found it yet. I use SeekingAlpha, which isn't optimal for this stuff. -- nm - David Jul 27, 09:17 6
      - They filed it in an 8-k with the SEC. you can look it up on EDGAR -- nm - znufrii Jul 27, 09:19 5
        
        I never have any luck with that thing. - David Jul 27, 09:23 4
        
        HMNY -- (link) - znufrii Jul 27, 09:27 3
        
        And the note as filed -- (link) - znufrii Jul 27, 09:30 2
        
        Thanks! I'm reading it now. - David Jul 27, 09:32 1
        
        If you’re looking up by ticker you need to use the Fast Search field on the Company Filings page. The main search default is by name. -- nm* - znufrii Jul 27, 09:36
- Sure, if the coin was one of those ‘heads I win, tails you lose’ types. -- nm - Qale Jul 27, 08:39
- More like a 20-sided die... - Will Hunting, King of Blood Feud Jul 27, 08:36
- [deleted]

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