As you all may know I have seen the documents you all are discussing here as far as cash flow, income statements etc. Ren you are absolutely right, they have no problem getting financing from banks, just ask Madison Capital, the lender that financed the Condos as they only asked for a 3 month interest reserve, so that should clearly show you that PBLS had very strong cash flow statement. I have seen the bank statements for a significant time period and they show increased cash flow every month from a multititude of accounts. Several million dollars a month and its double digits. Thats why I am so gung ho on PBLS, I have seen the cash move and its a pretty sight. You cant lie about deposits on a continuos basis. Especially when most lenders ask upto 12 month interest reserves depending on the risk of a loan, so 3 months, really revealed the strength of Phoenix Cash Flow statement.
So that is my two cent, obviously you probably all would love to see them, but confidentiality agreements do not allow me to disseminate the information but I have always been honest with you all. Its really there. Good night
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