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Glad I'm out of this Part2
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<blockquote data-quote="bacha29" data-source="post: 1835556" data-attributes="member: 58386"><p>I had enough collateral to back the loan. You see I didn't go diving into this too deeply because this venture would support only a very limited amount of debt and the contractor had to remain very cash flow positive.If you can remember the old Smith safety system that was indoctrinated into us all the time. When it came to safety one rule stood foremost among the others. "Leave yourself an out" which could from an economic perspective be accomplished easily when you had little debt and were cash flow positive Unfortunately the ongoing conversion from IC to ISP is going to take that freedom away from a lot of people leaving even more at the mercy of FXG and by the time they discover what they have lost it will be too late.</p></blockquote><p></p>
[QUOTE="bacha29, post: 1835556, member: 58386"] I had enough collateral to back the loan. You see I didn't go diving into this too deeply because this venture would support only a very limited amount of debt and the contractor had to remain very cash flow positive.If you can remember the old Smith safety system that was indoctrinated into us all the time. When it came to safety one rule stood foremost among the others. "Leave yourself an out" which could from an economic perspective be accomplished easily when you had little debt and were cash flow positive Unfortunately the ongoing conversion from IC to ISP is going to take that freedom away from a lot of people leaving even more at the mercy of FXG and by the time they discover what they have lost it will be too late. [/QUOTE]
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