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Post# of 375420
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gattes12

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gattes12

Re: surfguy post# 157931

Friday, 07/02/2010 10:41:37 AM

Friday, July 02, 2010 10:41:37 AM

Post# of 375420
This is the reason for the objection:

Mr. Newby has informed the Company that The Assets Backing the SBLC presented to the bank for the cash funds of the Loan had been rejected due to insufficient funds backing the SBLC. This bank is requiring that any SBLC that is to be pledged as collateral must be 100% cash backed and not a combination of cash equivalent Assets.

Clearly stated.

No body sell today

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Total Trades:
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  • 1M
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  • 6M
  • 1Y
  • 5Y
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