Replies to post #102947 on eCare Solutions Inc (ECSL)

[Lickemade]

I get it, deal structure changes, Bridge loan, roll in construction loan, then refinance after. Nothing wrong with that.

However, for the bridge loan, the lender is not going to take the bulk of the risk. Regardless of the land value.

For example, let’s use your price at half the press release value.
$37.5M acquisition and closing cost
$3M share equity slug from buyer (4M shares)
$34.5M due from lender

8% from buyer
92% from lender

Lender is going ask for much larger slug from buyer.

[Cward16]

Of course things have changed. I have been saying that for a while. it was time to actually sign and guess what. Things changed. The partner or whoever said I will sign but I now want more. So on to the next partner. This December and last December are the biggest deja vu scenarios. Same exact thing last year. See you in January and it will be a repeat of last January.