Replies to post #4220 on Altitude International Inc (ALTD)

[I ll be back]

Thanks brother!

Here is my take as a developer for the past thirty plus years.

ALTD started down the path of purchasing the property as reported several months ago, just as commercial lenders started pulling credit and being aggressive. Doesn't take a rocket scientist to understand how this came down.

Once they confirmed they couldn't pull the needed financing, they went to plan B and found a company to step in and buy the property to set up a lease arrangement.

NOW, here is where it gets interesting. As a developer, we need to see financials that will support stepping into purchase a property and take on the associated risk. Also, the lender AND the developer need to review financials on the tenant to assure them they don't have a property going dark.

With lenders "pulling financing" as the market is set to implode tells me the company has more going on than meets the eye this morning. Which would also support why today's news is met with no buying or SELLING.

Today is a big day for the company, to pull off any kind of package in the current forecasted market is a BIG DEAL.