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Re: artmaniac post# 185277

Monday, 08/30/2010 9:42:26 AM

Monday, August 30, 2010 9:42:26 AM

Post# of 375420
What exactly would make this "KABOOM"? Even the best of news (Dean replaced), comes with its own consequences (see my earlier post this morning). With a change in administration, it would be unwise to be expecting Dean's "funding" to be right around the corner. It is a much safer bet that everything Dean has done in the matter of funding is basically wrong and needs to be significantly revised to actually go through. Look at the last two funding packages he has attempted to put together. One was a pipe dream, the other dealt with a criminal. Any new team will want to make sure the funding is 100% legit if they want this company to succeed, and at the very least, this will require a gigantic effort on the part of NEW attorneys and NEW accountants to ensure everything is on the up and up. Furthermore, any funding which can supposedly be established and closed without a complete financial audit should immediately STINK. No legitimate lending institution will want to be involved if they don't know EXACTLY what they are getting. Period. Anybody who tells you otherwise is either a liar or a fool.

All in my own opinion.
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