MillerforScotland
23-02-2014, 10:59 AM
Cumbrianview asked about this on the other messageboard/
This appears to be a magic "elastic" loan, that can expand or contract, depending on the mood of our BoD at any given time.
If they are trying to come over as prudent, efficient "custodians" the loan is a manageable, loan from a benefactor, not in imminent danger of being called in.
If however they are in "poor as church mice" mode the loan suddenly takes on vast proportions and is a complete blocker to any potential investors/new owners.
Of course as any good disclaimer tells us, loans can rise as well as fall and your home is at risk, blah, blah, blah.
So therefore this debt is a very convenient tool for the "custodians"
btw is the debt to Mr. Story personally, or to a Story company?
This appears to be a magic "elastic" loan, that can expand or contract, depending on the mood of our BoD at any given time.
If they are trying to come over as prudent, efficient "custodians" the loan is a manageable, loan from a benefactor, not in imminent danger of being called in.
If however they are in "poor as church mice" mode the loan suddenly takes on vast proportions and is a complete blocker to any potential investors/new owners.
Of course as any good disclaimer tells us, loans can rise as well as fall and your home is at risk, blah, blah, blah.
So therefore this debt is a very convenient tool for the "custodians"
btw is the debt to Mr. Story personally, or to a Story company?