We did ask that particular question and they showed us a loan which we were reviewing not long ago
No joke! JSJ Investments signed off on a bridge loan that never closed!
According to the lawyers and accountants that bridge loan was the initial portion necessary to open the door to the much larger financing. These are Engineers and they knew what they were doing. JSJ Investment breached the agreement, therefore the tasks required to have the larger tranche completed never occurred.
Do you have a lawyer to go after JSJ Investments? That loan was signed off by both parties. Stock was trading much higher. That created a bit of a problem and financing was never granted.
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