I think we are facing never before seen economic conditions right now, at least for our generation.
The current circumstances, with the DOW now more than 50% off of the October 2007, has never been seen since the 1929-1932 crash. All five previous recessions saw the DOW drop 48-49% before hitting bottom, and we are way beyond that plateu now, with the DOW currently struggling to hold the 6600 level. WE may very easily see numbers below 6000 before bottom is bottom.
That is probably creating the need for very creative financing for most businesses, MTRE included. What was commonplace less than a year ago is no longer the accepted norm.
But I have spoken directly with two of the three planned targets. Each of them assured me that the LOIs were still in place, that they still strongly supported MTRE's plans, and were eagerly awaiting closure as much as we are.
That has helped reconfirm my belief that the plan will still take place, albeit under terms that may have been modified since originally conceived, simply due to the current economy
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