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Re: straightup post# 21814

Monday, 03/13/2006 12:11:49 PM

Monday, March 13, 2006 12:11:49 PM

Post# of 157299
I read it as the money is there but apparently was borrowed (Huff must not have known/anticipated this) and that final approval is whether the bank approves GTE's business plan. Huff is clearly frustrated at the funding issues on Internafta's part.

The deal is not dead but I believe if the patient survives he'll be on a respirator and heart pump...meaning that there will be all sorts of 'gotchas' in the contract.

To me, the bank was not satisfied with GTE's business plan and requested more detail and Internafta was waffling on providing the money directly. Huff has basically said "put up or shut up".

Sounds to me like the bank is reluctant to grant Internafta a loan to pay for the contract until it approves GTE's business plan. Sounds like GTE's early plan needed more details, Huff provided it, the bank is waffling. Huff says crammit, give the $ or we walk. Huff is down the road, deal is likely dead.

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