We paid no fees at all. In fact we had 3 vendors bidding for our business and at no point did any of them ask for a fee or a floating charge. The current environment for lending in these circumstances favors the borrower, which is why i am so perplexed about the 1.2 mill BUD has paid to get 7-9% on the deal. I have passed this around to a bunch of loan brokers i know as well as people in the commercial lending space and the feedback is pretty bad. I am feeling pretty silly right now about holding onto my investment after seeing gains from 6c to 28c, however at the same time i also feel quite deceived by management and how the characterized the progress. I get that none of you want to write anything negative about what has gone on because we all still hold...but seriously wtf!
Also, again, how do you get 3.75% when it is clearly stated that each firm get 3% each + the options. At a minimum it is a 6% fee.
BUD Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
