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Re: locksmith123 post# 166106

Wednesday, 07/21/2010 11:03:12 AM

Wednesday, July 21, 2010 11:03:12 AM

Post# of 375420
I believe the acquisitions for Quasar probably have more than enough assets for securing this loan. As for financials, Dean should be able to use financials from the companies being acquired with the signed LOI's if needed but it appears the funding is secured by assets only.

The question is are the assets from the acquisitions being used or has Newby got someone to put up the assets.

Regardless, I am convinced the assets are there and Dean just needs the additional $1.8M deposit for the owner(s) of these assets to get the money.

IMHO BWTFDIK!