Quote:
Originally Posted by StefanG
A lt of things happened between Fabian leaving NATS and getting the Wall Street loan. There are people who remember.
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Would anyone lend money to open a business that was committed to damaging the industry?
Manwin was destroying companies by giving away free porn. The problem is that since that loan the giving away of free porn has escalated and followed the normal Internet of being uncontrollable. Anyone could open porn tube, get traffic, get free porn, etc. There's no USP unique selling point.
$350 million at 10% per year is fine. For a business with some sort of monopoly, patent or USP. But for a business with none of those things and destroying sales as it does business. Where is the upside for bankers? Where is the collateral to ensure the loan?
But you read it on the Internet so it must be true.