If seeing the word Magna scares you without understanding the...

If seeing the word Magna scares you without understanding the option or interpreting the reasons well maybe it’s best you actually do exit. Weak hands are always a problem.....

Perhaps perceptions are killing you, I bet you don’t exit though? Attempt to trade it yes exit no? I use the word attempt. Are you the 1 in 10 that makes money or 9 of 10 that lose?

It’s dumb business to seek financing with one party such as FT without a contingency plan as @beisha correctly pointed out. FT are looking after their own interests and may have changed their tact or the offer. We don’t know at the moment the deal may have worked or anything could have changed and the fall back Magna option is leverage for VEC so they don’t get cornered. I thought that was obvious.

I think too many people are viewing a business negotiation the same as they do applying for a mortgage or personal loan for a car. How would you feel if you turned up to sign and the bank decided to lift your rate or changed the terms? Or said no deal? Would you run from an awesome purchase or utilise leverage, buy yourself time and seek alternative conventional arrangements?

Enough said on this subject lol