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mike93433

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Re: xZx post# 80075

Wednesday, 02/10/2010 1:52:23 AM

Wednesday, February 10, 2010 1:52:23 AM

Post# of 375420
Good point. The $350mm plus would be what they want back. The lender would only be confident enough to loan the money if there was enough value so that in the worst case they get their money and profit. The value seen would have to be multiples... 2x? 3x?. It should be enough so that in their view its a sure thing.
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