Don't think of it like this but....Don't read further...content...

Don't think of it like this but....Don't read further...content might make you vomit :)



Say 48 hours or two day, $500k loan.

$75,000 in fees.

$75,000 = 15% for 2 days (but up to 70 days)

2 days = 2737.5%

or slightly better

Hold it for 70 days...just coz you can...

70 days = 78.21%

--------------------------------------------------------

Covert that $75,000 into shares at say 0.006 = 12,500,000 shares.

Add on some positive SP appreciation in quick time...say .012

Loan providers now gain:
2 days = 5475%
70 Days = 156.42%

SP at .018
2 Days = 8212.5%
70 Days = 234.63%


Not a bad little earner :)
Who needs to risk money in the sharemarket?????


Still laughing. :)

They could have gone to cash converters, pawned their collateral stuff, and got a cheaper deal...:), and then brought it all back in two days for 6% total cost of the advance.....LOL

Even better, taken a pay sacrifice this week...probably would have covered it...free, and we owe you 1 pay each at no interest :)...but will pay you (read expect and immediately)in two days...We all know how long expect & immediate is aye :)

Just some fun...:)