Replies to post #156641 on Green Energy Enterprises Inc. (GYOG)

[Pennypicks]

$1,775,000. ? Dean recently pleadge 1.4M to help landmine victims

Where did he get this money?






Aerospace boss pledges $1.4M to help landmine victims
The CEO of US-based Quasar Aerospace Industries Inc, Dean Bradley, has pledged a $1.4m financial package to the UK-based Mineseeker Foundation in a bid to provide ongoing practical support to the victims of landmine blasts worldwide – and will be the foundation’s first corporate patron.

The Mineseeker Foundation was founded by Mike Kendrick in 2001, when the former CEO of Virgin Airship and Balloon Company devised a means of detecting landmines using sophisticated radar detection carried by airships.

http://www.mineseeker.com/news/the-ceo-of-us-based-quasar-aerospace-industries-inc-dean-bradley-has-pledged-a-1-4m-financial-package-to-the-uk-based-mineseeker-foundation

[Buddhasib]

Yeah but reading the whole thing: "The new time line is that Newby & Associates will be able to provide cash into Quasar Aerospace Industries, Inc. Attorneys escrow account within 10 Banking days of receiving the $1,775,000 in fees that need to be paid to the owners of the assets backing the SBLC, as well as the issuer of the SBLC. There were a total of over $5 million in fees associated with the original Loan, however, in the initial structure the majority of the fees would have been paid upon closing. This delay and changing of the Banking institution being used to provide funding has required more of those fees to be paid up front."

Don't we have to come up with the $1,775,000 as well as $5million in fees that now have to be "paid up front"?

How are we going to get said funds? And only then the 10 banking days begins, right? How feasible is this now?