Just read of his overly ambitious plan to get the bulk of his $34M up-front.
He could walk into a bank and borrow against his future cahsflows but he'd end up paying interest and default means messing his credit score.
He could ask NBA to pay the amount up but NBA is not ran by idiots. He has to earn the entire $34M over his contract and he has yet to so why pay him now?
So he turns to his fans, borrows $34M and any subsequent performance bonuses he may earn. He issues a bond in his own crypto. Theirs is to cross their fingers he survived the contract. What if they don't? They could always trade now worthless tokens. But to whom?
https://www.forbes.com/sites/shlomosprung/2019/10/17/spencer-dinwiddie-discusses-digital-tokenization-plan-happening-against-the-nbas-wishes/#7b6381786dc0Companies borrow against their future cashflows and the idea is to invest that amount and generate more cashflows but with this dimwit token, how does Dinwiddie use it to boost his future earnings? I see the opposite. More money now takes away any incentive to perform in future and you can bet he will do just that.
I smell a fraud
Topic: Ms Robina, Do you Know Dinwiddie? (Read 1396 times)