I think I get RBW, but I don't get RBW. They (he) is quirky in a brilliant sort of way. Or brilliant in a quirky sort of way.

What they are doing is a smart move. By staying away from banks, they avoid a lot of hassle, red tape, scrutiny, and "must perform to meet obligation". It's not cheap money, it is very quick and handy money, and they can probably absorb the 28% cost of money in their markup.

Reading between the lines, I get the feeling that they have a two-ton box truck that has two and a half tons of canaries in it. Someone has to hang on to the side of the truck and bang on it to keep a half tone of canaries in the air. They are in a cash crunch and don't have the reserves to deal with it, so they have to turn to investors. They are running a bit tight but overall they are solid. And, they've chosen to go to very friendly investors.

RBW is not my cup of meat, but it was an interesting read.