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Cee-It

01/17/07 8:31 PM

#44269 RE: JSGatt #44268

Depends how traditional and versatile the building is. If a substantial portion of costs are for unique processing fixtures and/or equipment that has limited alternative usage, then they could need to put up closer to 50%+ because the company is so small and under-capitalized and the process would likely be considered as high-risk.

AJMO - GLTA

david02835

01/17/07 10:07 PM

#44270 RE: JSGatt #44268

jsgatt, Almost no chance at all unless an "angel" steps up to the plate on behalf of the company. Mortgages aren't given on spec from conventional lenders without the provisions of a cash stream from operations or guarantees of payment from parties who promise to pay in the event of failure of the company to pay the notes. The new money will be from new investors which will cause dilution. If the company's science is good, it won't matter much in the long run as the upside is great! I will jump back in when I see management be trueful about the time lines for sucess, which is something they have NEVER been before. Take care.