they sell your collateral (or part of it) with something like 15% above your "liquidation" price
They issued over $300mln of loans, so I wouldn't be worried about them.
By the way, it is 5.9% per year now, not 8%.
Martin Everson is not being aggressive it just seems that way, furthermore, he just tells it as it is. If I were you I would listen to his input as he is a Financial Walking Encypodelia.Oh, sorry, I made a mistake, don't kill me for that.
Why are you so aggressive?
At the end, It's their business lets leave them alone... otherwise it seems we know something about their business that they don't
InCore Bank AG. Incore Bank AG operates as a bank. The Company provides outsourcing services that makes bankers lives easier including, settlement, custody & payments, accounting, compliance & tax support, relationship management, client reporting, internet banking, application and infrastructure service providing.It's not a normal bank. Just look at their website. It looks more like a banking-as-a-service or banking platform solution.
I don't get the business model.
this is ridiculous reason, how many shitcoins were "making money" and then annihilatedHaha, its strange to make a statement about business model making no sense because they actually make money from it, at least for now.
Probably the real reason
They can gamble, but that's not what I am looking to do.Another reason, as you mentioned, they believe that price will go up at some point, so they prefer to pay % and keep their holdings.