I'm not trying to be evasive, but discussing this issue at length here on IH is not the best place.
Suffice it to say that if there is a there there that is financible, then there are ways to structure the deal that would ensure that the money would be utilized in a proper fashion, i.e. oversight, inspection, covenants, escrow requirements, etc.
If we can ascertain that a real business could be realized utilizing CVIA operations and assets then we the financing can create a runway for the company to make money and at last give shareholders a real chance to be made whole.
I think, but don't know, that the company did not want to open themselves up to due diligence examination. But, who knows, maybe Bill will surprise me.
