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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna
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To: scion who wrote (6518)4/22/2011 12:18:31 AM
From: SteveFRead Replies (2) of 53574
 
The notes payable are secured by Javaco’s inventory

How is inventory used as collateral? Wouldn't that encumber those assets and prevent any items from being sold?

For example: if Kidd had been successful in using his stock as collateral for a loan I can't imagine him being allowed to sell any of that stock unless the cash went directly to whomever held the note that was secured with that paper.

What am I missing?
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