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Warnie, you muppet! Any fees come out of the draw down. ie if...

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01/10/15

10:41

Post #: 16095623
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Originally posted by Warnie ↑

Generally rob the lender asks for fees upfront, the media release even mentioned (including upfront fees)....this is how these games play out.

You know, send us $100k or 500k so we can release the first tranche of $150m, that sort of thing.

Anyway, won't say any more, obviously some people hurting here sitting on big losses, my comments are not meant to hurt anyone here that is 100% for sure, just like to do my research on obscure lender types.

I hope it works out for you all, I really do.

cheers.

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Warnie, you muppet!
Any fees come out of the draw down. ie if loan was $1oo and fee was $2 you actually get $98 in the bank.

RES Price at posting: 8.0¢ Sentiment: Hold Disclosure: Held
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