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I wonder how in the world they managed to get that loan considering the extreme low probability of paying it back. {nm}

Posted by: MattW on Aug 01, 21:29 in response to stormgod's post Lessons From The 99.9% Drop In MoviePass (Seeking Alpha...

Lessons From The 99.9% Drop In MoviePass (Seeking Alpha link) stormgod Aug 01, 20:50

I wonder how in the world they managed to get that loan considering the extreme low probability of paying it back. MattW Aug 01, 21:29

collateralized with . . . something? also, with hard subscription renewal fees, at least that much must have been guaranteed to clear {nm} slipping jimmy Aug 01, 21:57

pre-paid annual subs too that they couldn't touch til today. whatever stock they managed to sell last week. {nm} djgrimlok Aug 01, 23:20

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