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Thursday, July 01, 2010 5:13:35 PM
He said "confident" was the wrong word. They needed the upfront cash, DB was aware of this and he needed to deliver on it. The company (or, ahem--the shareholders as I suspect) needs to cough up $1.775 million more in cash (as was pr'd). Newby seemed frustrated and my sense is he is putting the onus/blame on DB for Newby to be able to secure the loan.
That's what I got out of it. Obviously, it could all be smoke and mirrors. GLTA!
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