Don't use normal rationale. Adopt MS mindset and you'll arrive at the
answer.
Dr Michael Benjamin,
Community Psychiatrist
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On 31 March 2012 12:55, Rick Duniec <[email protected]> wrote:

> It might make sense to borrow at low interest rates but would you care to
> speculate as to the security offered to the lender in order to underwrite
> the £5 million facility ? Low (normal) rates are only available from normal
> lenders under normal lending procedures which would involve security and a
> charge over something. Unsecured borrowing comes at unsecured rates (check
> your credit card and compare with your mortgage).
> A 100% funding arrangement for the work (as you have suggested) is also
> worthy of more thought.
>  ----- Original Message -----
>  From: [email protected]
>  To: Paul Cundell ; [email protected] ; [email protected]
>  Sent: Saturday, March 31, 2012 10:38 AM
>  Subject: Re: [LU] What does this all mean?
>
>
>  With low interest rates it makes sense to borrow the money for the
> stadium work, unless the business was awash with cash - which it isn't.
>
>  We don't know how much is being spent on the stand - I'd be surprised
> it's that much more than 5 million pounds.
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> PETE CASS (1962 - 2011) Rest In Peace Mate
>
>
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