Tivus, Inc. (TIVU)

[retired3]

They have the commitment, but they don't have the contract in hand with the $'s firmly laid out. It is the firm contract that allows them to get debt financing for their projects. Let's say their Philly contract is $3 million. They can probably borrow up to 80% or $2.4 million to move the company along with operating capital. That is why the even bigger contract of the 12-18 month build out for multiple hotels is so important. It is revenue to move the company forward and begin to deal with controlling the equity financing that has been so dilutive. Pay some interest on a loan is so much better than the convert financing they have struggled with. This is why I do have some sympathy for SP and others who have risked everything to get to this point. R3