A piece of the action
Guy asked, "Now that you are selling Curvaceous Coffee what will you do with the money? Wanna go on a cruise?" Wonk looked up amused, "I'm working on Key Performance Indicators, (KPIs) for a Micro Hotel. Remember the place we stayed overnight to be ready for razor clamming in Pacific Beach." "Yeah, sort of, Guy replied, the Nautical Inn or some such." "Clipper Inn, Traveler suggested I buy it. He is even willing to front the money, for interest in return of course. I'll run it. In return, I get a share of the profits, if I can pay the loan back, I own the hotel in 7 years. 600k loan, 15% simple interest 7 year payback, (84 payments). The corporation has 1500 shares at a price based on a value of $650 each, ($972,556.44/84). If I can't buy them all back in that time, the value is recomputed for the 85th payment." "Traveler gets 15% return on his money over 7 years, but you could end up with a hotel in Pacific Beach? S