“Very soon” is a relative term especially in business development. I know from experience that many, if not most business transactions between multiple independent parties take much longer than anyone expects. Using the example of securing funding, it is most likely going something like this:
A) lots and lots of discussions between many parties.
B) passing term sheets back and forth between serious parties.
(this is where you try to create competitive tension between multiple interested parties to maximize leverage)
C) A face to face handshake agreement with the lender offering the best terms.
D) Finalize the contract(s). Here is where, depending on complexity, an army of life sucking lawyers converge on the process an can drag things out for an indefinite amount of time.
E) Set up financial funds to be drawn from.
The turn around time for each step is not easy to control since the third parties providing funds do not have the same urgency as the party that wants funding. This is especially true in step D.
I am giving Mark a break and letting the process play out.
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