The company is going to need funding. A possible solution:-
1. A consortium of HC members + others form a trust. Say 200 identities.
2. Each identity contributes $50K to the trust.
3. 200 x $50K = $10M
4. Trust takes security over all company assets + gets personal guarantees from all directors
5. Trust provides interest only loan, $10m for 5 years at 11.5% p.a. Interest paid monthly in arrears.
6. VRX refinances loan or pays out loan at end of 5 years
7. VRX offers trust members performance options at a favourable incentive price. (feedback required on this)
8. Few other loose ends to tie up but the outcome would certainly get VRX off and running, infrastructure built, staff hired & mining equipment purchased / leased.
Any thoughts? or am I dreaming? (Please be civil)
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