Ann: Trading Halt, page-55

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lemons

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18/07/17

12:39

Post #: 25928265
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Originally posted by hotcongo ↑

Dart, thank you for your thoughts. You describe things as they are, but it's a fast-changing world. The old-fashioned banks are despised and are so uncreative and unethical that there's got to be some smart disruption lurking round the corner !

Surely other businesses-to-be see the opportunity to offer a financing product to companies such as nuheara. Another company in similar predicament was crowd mobile: their receivables get paid by the leading telcos of the world... and because those telcos are so big and powerful, they get to pay up 120 days later, or something!

There is just a tiny chance one of those telcos wouldn't eventually pay up, but cm8 couldn't get a working capital loan from a bank either, so had to rely on financing at 15% or something!

Can't you see where I'm coming from? Every now and then a fledgling company isn't so high risk it deserves to be gouged and ripped to threads just for a bit of working capital financing!

The gap between where a business can win a reasonable business loan at 5% or even 8%, and having to be raped and pillaged by equity vultures is too big! And someone should fill it! In my mind, it's a clever business waiting to be created.

And when someone creates this business, no one will be happier than me, because I despise the four banks and I despise the vulture system in the equity markets.

I especially despise that person who dumped the 3 millions shares for sale at 9.9c yesterday at such a pin-pointed time that no -one else has access to, apart from the market vultures!

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no -one else has access to, apart from the market vultures!
Not true, As a "low key" commsec trader, I have sold after close - auction time

NUH Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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