Cytogenix (fka CYGX)

[nearlynapping]

I don't think that CYGX needs revenue to get a construction loan combined with a loan on the real property. They do need a buisiness plan that will show how they expect to pay the note. But how a bank perceives the ability of CYGX to ultimately pay the note, and what the bank thinks that it could get out of the property in the event of a forclosure, will determine what percentage of the expected post construction appraisal value the bank will loan and on what terms. I would be pleasantly suprised if CYGX could get anything better than 50-60% of the expected value.