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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Re: Tenor
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Apr 27, 2016 02:21PM
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May 02, 2016 09:23PM
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May 10, 2016 06:00PM
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May 11, 2016 11:59AM

Funny-money lending terms happened way back. When previously brought out, no one seemed to care. Let's try to bring this to the level of normal folks just trying to get by...

62.5 million is $62,500,000

One Billion is 1,000,000,000

Whoa! Lots of zeros that most all of us will never qualify to get a loan for. Plus, the terms made it so the full amount was not received. To keep it simple let's just use $62.5 million.

So, to put this "loan" into perspective for common folk...

The loan is like borrowing $6250 and having to pay back $100,000, plus interest

The loan is like borrowing $625 and having to pay back $10,000, plus interest

The loan is like borrowing $62.50 and having to pay back $1000, plus interest

The loan is like borrowing 63 cents and having to pay back Ten Bucks, plus interest

A person that lives to 100 years lives about 52.6 million minutes

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May 11, 2016 12:20PM
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