[abfunders]

I don't care what others did. Did YOU get an inter-creditor with the current factor? I find it very hard to believe the current factor did not file a UCC.

The current factor I'm sure did file a UCC.
The current offer we got for him has no real lien on the business. It's not a loan.

[Kevin Henry-Seacoast]

The current factor I'm sure did file a UCC.
The current offer we got for him has no real lien on the business. It's not a loan.

So you did not get an inter-creditor from the current factor and funded a "non-loan" for the Company? Are the payments for the non-loan wired daily, weekly, or monthly? Was the "non-loan" an advance on future receivables or revenues?

[abfunders]

So you did not get an inter-creditor from the current factor and funded a "non-loan" for the Company? Are the payments for the non-loan wired daily, weekly, or monthly? Was the "non-loan" an advance on future receivables or revenues?

Not wired. Paybacks are monthly. Not an advance, not a loan. It's what we call a "shticky" financing method.

[Kevin Henry-Seacoast]

Not wired. Paybacks are monthly. Not an advance, not a loan. It's what we call a "shticky" financing method.

Ok...so with this "shticky" financing method payments are made from corporate cash to a "non loan" where the cash collateral belongs to a senior lender. Great....I don't care what kind of "shticky" financing you call it.....you did not even bother to get an inter-creditor from the Company's current lender/factor. That being said.....don't ever call our firm again.