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04/05/20
01:29
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Originally posted by Scott th Ratbag:
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AS yet, so far as I can discern, we have no reason to consider that SGC isn't legitimate or genuine in their offer to fund. Joshua Herbertson has said that its IGES that has put back commencing the drawdown on the loan as the repayments schedule commences 18 months from the date of such drawdown and they don't have adequate expectation of revenue to make the repayments ----==> catch 22! - they can't make the repayments commencing in 18months until they have revenue and they can't have the revenue without the funding to build the plants.
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But Tangier was blatantly not a real company, but there is not TOO much to be found regarding all the deals SGC they have done... I would have thought a little bit more is to be found online regarding "having successfully transacted over 300 financings in excess of $3 billion. " I can find just ONE deal online, and that is the one with the ONE testimonial on their website: , from Jerry L. Johnson, Vice Chairman,PRWT Services, Inc. http://sgcfunding.com/testimonials.php in 2008: https://www.businesswire.com/news/home/20081001005356/en/Structured-Growth-Capital-Secures-53-Million-Funding