Zanc's could it be that I was correct and Kerbey please, perhaps we will just agree to disagree as I have phoned the company and have dealt in this sort of arrangement before. I actualy still own shares from these arrangements, some for over 10 years,0% interest and I pay the deemed price when I sell. Kerbey writes quote: "Therefore, if the shares becomes worth less than 2.2 cents the Director's can walk away and will not need to pay back the interest free loan. Instead we will have the shares on the books. That's my understanding in this scenario." The share are non- existent, paper until they are traded, the rest we go through another time. according to your theory the directors walk away,a heap of shares land on the books at no cost, well who gets them in your scenario?And why don't they pay? If the director's wanted free shares they would have simply gone down that channel, but as they are confident and want to make personal gain as well they have chosen this angle, this is only my opinion and perhaps I am wrong so one of us has to be right :) all the best and I am feeling very positive our investment is a sound one.
SSC Price at posting:
1.4¢ Sentiment: None Disclosure: Held
