Reply To: Welcome SMC members

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Roger I don’t have a problem with the proposed return. I guess it’s a matter of perspective: it’s the collateral that concerns me. Granted, I seem to recall that the company tried to build in pretty high buffers to account for diminution of value (i.e. you couldn’t borrow 95% of the alleged value of your wine collection), but I’d still be concerned about liquidating the collateral to be able to receive your money back.