I respectfully disagree Hulk, an LOI is a very important and legitimate document. An LOI simply states the "intentions" of it's company and during this period due diligence is carried out to further solidify the possible "deal" forthcoming. A bank will view an LOI as a "binding" agreement in many cases and would even loan money based on the LOI provided that the company can PROVE (or show) the bank it's legitimacy thru financial statements, credit, assets, prior history etc etc. And in the land of pinkys, finding legitimate companies with bonafide officers/execs is the hard part. We'll know soon enough if EXBX is for real....or full of sh*t. GLTA