Like I said, if he had closed the $10 mil loan first, none of this would have happened. He tried to push it thru and got caught. Now they are requiring the cash up front. Just another hurdle, but I do not doubt they will complete this loan.
Quote "Now is someone going to have me to believe that Mr. Newby and the CEO of this company were not aware of the terms and conditions for the SBLC prior to all the PRs?"
I don't know about DB but for sure Newby, he has no excuse. That is where I am putting most of the blame. He would be my last resort for a loan and apparently is for DB as well.
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