I can assure you this terminology is used quite often.
Well then, I'm sure you will be able to find many links to legitimate companies that claim to have received "conditional loans" or otherwise used that term. Please educate us.
BTW, I am much more familiar with loans, mergers and acquisitions than you presume having been the point person responsible for obtaining all of the contracts, etc. required in the due diligence review when a former employer (a $300 million in revenue corporation) was being acquired by a multi-billion dollar corporation. We ended up needing to be acquired because of a $25.6 million funding we had received, the financial ratio covenants of which we could not sustain after losing a major customer. We were in technical default on all but one covenant and would have ended up being owned by the lender. The larger corporation cured the default and the corporation, which became a subsidiary survived.
Show us an example of such, outside the Pink Sheets, that means that a Conditional Loan is a done deal.
Conditional is not an ambiguous term. It has a definition. It means that something will only take place IF certain conditions are met. And since those conditions are defined by the PR, no one will ever know if or why the conditions are not met.
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