Indignado
New member
It's not necessarily disgusting. Just to clarify, the decision that he wasn't needed may have been Pep or Zubis. Ordinarily maybe a standard loan deal would have been done. But in this case they used some financial inventiveness. It's not necessarily dishonest either, giving him a value of 12M is more accurate than saying he has zero value. Accounting is not an exact science, and there's always a lot of guesswork involved and choices to make on what value you put on things.
If it was really that way and they wanted a loan anyway then I can understand it.
that statement.
They have an agreement but haven't decided a fee..
I thought the same thing, if they haven't decided a fee then what did they agree upon?