I wish I can like this comment 100x

True talk...

YOU DESERVE ACCOLADES FOR THIS AWESOME INPUT! MUCH RESPECT.

I agree

I agree💯💯

plus good night sleep

I will galdly do it. That offer not just a business offer but a Life saver abd hope giver. I beleive the Lion saw beyond the business but chose to lend a hand

😹😹😹 spot on

@@chukstheanalyst The business is lucrative he just need a little review on the structure and that deal was a great one for the lion simply put, he bought time with his money I believe other lion's focused more on the ugly side rather than pay attention to the brighter side of he business if they could get around the debt. Mr Dan is the real deal with 2 years he'll get his 70m back and still own 50% of the company that's so huge a deal, so huge.

@@josiahramseyokeleye3370 He owns 50% of the company for 20m and he will get paid back his 50m loan with a 40% interest.

Dan is a Don

Dl صدك ذ Kp.

I like how he took a chance on the guy, everyone deserves a second chance no ?

Mr. Dan's deal is better than what the man has been facing. At least he can now sleep 4.5 hours every night 😂😂 but not 8 hours

These men has been giving me assignment

Visionary

But then, what will the 20million do in the business? He said, a boat cost 40-50million and he will repair the dilapidated one with the remain cash.... Don't you think he will fall back to borrowing in other to pay Dan his money? Just thinking

He wont get 70m in cash back bro.. if at all there is that much liquidity lying around then it will be going into improving the company so his 50% shares can have some value.. he is a bad company owner, he needs a good manager and risk assessment officers.. he can literally pay for one easily.. his accounts looks messy and starting to resemble a ponzi scheme, it might land him in jail at the end if a pro doesnt intervene

@@RomeCity4you the investor doesn’t care how he makes the money

The investor is a life saver at this point and a good negotiator too.The debt is killing and having him take 50% ownership is tantamount to taking 50 % risk .He may eventually buy him out of the business if he finds it difficult to pay the loan at 40% interest rate

Literally buying off the company with 70million

Exactly

IKR 😅. The puns and punchlines are always on point.

@@MykelOkuboyejo for real.. The kitchen episode especially 😂😂

that's uncle Ben of project fame

He shouldn't even debate with Dan Ngarem. He should have jumped at the offer. I would with that debt.

You don’t get opportunities like this twice

He said They are loan sharks They were the only ones willing to lend him money

He borrowed to repay previous debt

@@BILLIONAIREGH regardless. Just because they are willing to give is not a reason to accept 90%. Great business idea, just needs some expert’s handling.

Sometimes I wonder how entrepreneurs get so neck deep into such level of debts. I can't trade my sleep biko

@@leonardezuruike485 you’re not an entrepreneur

A good man, helped him out

The lion too just dipped him into more debt.

@@olaniyiexplore6420 nope. 96% with two years left is gonna be a steep one. At least refinancing to 40% for 50% equity allows him to have more of his revenue to reinvest and increase profit. It's still a gamble but not as sure sudden death as his initial situation

Temporary reprieve. To last in business, 'low cost' money or capital is the way to go . That means percentage of indebtedness should be near zero or zero. This is true for both personal and business finance. 40% is still a princely sum. (Ask anyone who has ever had to service a loan. ) The major win I see for him here is the mentorship, and a little more time to turn things around. Wish him all the best.

Gbam!!! That why he shouldn't go public at embryonic stage

The model should have been strictly a service based based business. He simply bit more than he could chew ay the early stage.

Seriously, i thought about that too… The investor mad an intelligent decision. 40% interest will get him his investment while he still remain a big part of the company.

It also means he bought 50% of the business for 20million. He is a super good investor. Come to think of it, does it mean the business is evaluated at 40million?

@@olatola5556 Well, only 12m was injected in the business to begin with but if the revenue growth trajectory is maintained, definitely, valuation would increase.

@@olatola5556 40 million is a more accurate valuation than 700 million. In actual fact, the company is worth 0 due to the high debt.

@@einsteinesegbue918 I agree with you, with such huge debt 96%...common that huge thou maybe he actually believe in miracles and trust me, miracle happened.

Well I don't think it works like that, if he can service his debt, then he stands a chance of going into debt again. Sounds funny right? And then remember he mentioned family, friends and a couple sharks. Some of them will not when to get the money back from him at an instance while some will. But business is all about managing long term debts so he will definitely find his way around it. I believe a lot of these lions are also in some debts not because they can stay debt free but because it's better. Debt is tax free, it's depreciates with time especially if it's in a local currency imagine borrowing 50million naira and convert to dollars(not really good though, it's better to buy assets) and wait three years😂

He is my mentor a very great man

@Ayoki vibe THANK YOU SO MUCH!!!

I can't watch this for entertainment, I watch this for education.... Education and entertainment are two different things, I believe.

This program is superb

I was wondering what sort of desperation will make a business man take out such loans. It's outrageous. 96% interest. That in my opinion is the fastest way to kill a business.

It’s accumulated debt. Microfinance typically charge 7% a month. That’s 84% already. Since he’s not repaying principal, they kept rolling the debt over. Microfinance debt is not designed for a company like this. It’s for market women. He used it to go buy boats.

@@Relevance4life With the way you put it, it makes more sense than just financing a big loan at 96% interest rate.

it didn't make any sense. i started to feel like the entire show was scripted because it sounded surreal

I also screamed like what!!!!

That was a win win offer Dan is no under obligation to take that Investment going for counter offer might jeopardize his lifelong chance.

This made me laugh 🤣🤣🤣🤣🤣

I'm with you on this, I still believe the communication wasn't clear as regards the debt.

My thought exactly

He actually understood the question. Those are the kind of extreme interest rates you get when you use those “Quick loan” financial services. They are the modern day loan sharks. Their rates are crippling. He’s lucky to have gotten this deal from Mr Dan

Azin

He has a script. Kudos to the writer!

My goodness!

@@theigbotruth all while making profits from the business. If he can’t pay. He has assets to sell to recoup investment which are the two boats that already exists. People are hailing the guy. It’s important to think properly! About everything!

When the debt is cleared from a business... it gives the principal a edge to start on a clean record ! 96% got me screaming 😱

I observed that the relief from the debt, worth a big deal for daniel that's why he accepted the deal...

You have a healthy functional, 6th sense brain.... nice one

Not necessarily ... It's wise to have business advisors or mentors, it's always wise to have people who you can consult

@@ty9537 I do understand that, but with this kind of debt and an offer to knock it off with extra money to push again? I wouldn't need to make a call. What if the adviser asked him to reject it?

People get mind o. 🤦‍♂️