Ok, so they seem to "only" need 1.8 Million to cover new fees...but this is the part I don't understand/know how to interpret:
"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."
Jr, I certainly agree that money is the main issue here and once that has been accomlished, QASP will fly. Now the question is, since funding got delayed (it could be more than 10 business days), does Dean still has to meet some financial obligations in order to keep the deal with companies to be acquired. If he does then how he will meet those obligations. I guess there are some questions which needs to be answered here............jmo
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