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02-02-2016, 12:28 PM #1
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- Jun 2014
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- 195
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02-02-2016, 02:35 PM #2
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- Jun 2015
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02-02-2016, 03:01 PM #3
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02-02-2016, 03:29 PM #4
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- Jun 2015
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02-02-2016, 03:44 PM #5
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- Aug 2015
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A lot of talking going on about this deal, I understand where the intent to fund a 4th that high for a merchant could be questionable on ethics, but unless you know the entire situation about the merchant it really isn't a position to speak on the validity of being good or not for the merchant. All I'm going to say is healthcare, multi-location, $40+MM per year in revenue, but tax liens present and needed funds within 3 days because Medicare was slow paying a lot more than usual (got to love the govt).
The intent of the post is not gloating, it is just showing the abilities of good quality funders. We have had the same quality of deals funded by the guys at Pearl and YSC as well so I see nothing bad about them either, it's just we weren't of DF at the time those deals were funded or we'd give them a shout out as well.
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02-02-2016, 05:08 PM #6
- Join Date
- Sep 2014
- Posts
- 430
Is definitely not even remotely questionable on ethics, because it ignores the lenders and their contract rights ahead of you. You can try to justify it all you want, but you and Wall both knowingly had a merchant sign contracts and take funds that violated the terms of lenders' contracts executed prior. If you placed the 2nd and 3rd too, you are a habitual offender.
This behavior is textbook tortious interference. If I were you, I would PM the admin and beg him to delete this thread so it can't be used against you in court when one of the prior three lenders, if not all of them, sue you in civil court. Not only does it have you confessing to the tort, but it also shows premeditation and a lack of remorse based on how vigorously you are defending your tortious actions.
Bonus: https://www.youtube.com/watch?v=xKGeHuln08A
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