I thought Dean said he was bypassing the middlemen (Chicago) and dealing directly with the bond holder, bond distributors or whomever. The situation is getting a little confusing.
"SO bottom line is the 350 is not a off the table and he was not trying to signal that it was but QASP will be fine if they do not end up with it."
Although I did not want to comment on my conversation with Dean when i read things that are not correct I am the type of person who has to correct the misinformation.
I specifically asked Dean about the last line of the PR regaridng in lieu of and he explained it to me as follows (my words not his)
They are still doing their dance with chicago and there has not been a breakdown so that the 350 million can still occur and if on the terms qasp likes it willgladly accept the loan. However, Dean was not going to just sit by idle while they continue to wait so he and his A team have worked on this alternative.
This alternative clearly is a good fit since this lender has experience with start up companies.
SO bottom line is the 350 is not a off the table and he was not trying to signal that it was but QASP will be fine if they do not end up with it.