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Re: hawkeye612 post# 9903

Friday, 03/30/2012 1:01:30 AM

Friday, March 30, 2012 1:01:30 AM

Post# of 88653
Well then, just do it. If it's so common for companies to use the term "conditional loan" in reference to an approved loan that is "conditional" only because it has not yet been funded as you claim, then you will have no trouble providing many links.

I am very familiar with "conditional commitment letters" in the mortgage field. Such letters are used by people when making an offer on a residence, but carry little weight. They do not signify pre-approval which means that the lender has already vetted and pre-approved the borrower up to a certain loan amount.

See: http://www.mortgageloan.com/your-commitment-letter-firm-or-conditional-1913

"Conditional Commitment Letter" is the term Clifford Pope used in the PR. This means there is NO commitment for $10 million in funding.

And no, I am not going to give any more specifics about my background or name the corporations involved. However those who really do have experience with M&A would know that I would not know that lingo if I didn't have knowledge of and experience with such.

Please note that I did not ask you to give any specifics about your experience in loan negotiations and acquisitions.