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10-26-2013, 12:08 AM #1
wow you're right! found this in a summary of tonight's episode.
"Jason and Val are the owners of Total Merchant Resources, a company that extends credit to businesses in exchange for processing their credit card transactions until the loans are paid off. The owners need $200,000 in exchange for 20% equity. Claiming to have a successful track record (with 400% return in less than a year), Jason and Val also need a shark who can introduce them to a bigger market.
The rest of the sharks think that this deal is right in Kevin’s alley so when he offers the amount in exchange for a 50% equity, the other sharks do not put their foot down than what they usually do whenever Kevin rolls out an offer. For Kevin, the 50% stake is just fair as the owners will have his tremendous credibility, capital and contacts working for them. Moreover, Kevin claims that he can do this on his own yet he’s giving Jason and Val the chance to succeed. When the owners counter with $250,000 for 25%, Kevin tells them that his offer is non-negotiable. In the end, Jason and Val take Kevin’s deal."
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