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Z62
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Alias Born 11/17/2010

Z62
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Z62
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To buy a home or any business one signs a letter of intent (LOI)
or a purchase and sale agreement. That means that both parties have agreed upon the price and terms so the deal can move forward.

This LOI already has terms in it, In this case the financing is already in place. So all the negotiating has been completed and all TMSH needs to do to finalize the deal and move forward is sign a contract and start with the construction.

Without this (LOI) changes could be made and it drag the process out for who knows how long. IMO.

To say that an LOI is meaningless, is very, very wrong and miss leading to the shareholders of TMSH. IMO