Replies to post #17234 on STL Marketing Group, Inc. (fka STLK)

[webber2]

Yes,either way we need the down payment of 8.5 mill first to get considered for the 60 mill I would think. The bank would also need to see the ppa first before they consider giving us the 60 mill loan to take it serious, but maybe the ppa people want to see the loan money first knowing we have the money to build the farm to generate the money to sell electricity or the ppa would be a waste for them. Its a catch 22 but we can't generate the loan down payment with out the ppa and stock promotion. Wow my head is spinning now I am sure they have it all figured out just gets confusing sometimes.

[TraderGreen]

Here is an excerpt from an email on the 6th:

The Ex-Im process is very involved, we can begin the process now but the PPA will be necessary for closing. Assuming everything is in place the application to closing process is about 6-8 months according to Ex-Im. It takes that long to do the due diligence etc. We have a lot of that material already, but the bank may want updated reports ec. They will review our reports with their experts etc. It is a large loan and they need to undertake the necessary steps.

I was wrong that PPA had to be done before submission, but it needs to be done prior to closing. I honestly think Quiros senior knows when this will be authorized (roughly anyway), but can't disclose, because this deal is being used as political fodder...Good news is that they are submitting the loan which tells me they are expecting it fairly soon.

Another piece of good news (IMO) is Ex Im just closed on their first loan for a wind farm not too long ago, according to Floydski's post #17163, and this should help to make their due diligence go a bit faster I would think (helps if you understand the terminology and the nuts and bolts of an operation while DD'ing...i.e. not their first rodeo now).

Here is an excerpt from the second email on the 6th:

We have a lot to do while the debt financing is closing. Once the PPA is finalized we begin a very high activity process that is planned and timed. The debt closing is part of the items we need to complete in those first 6-8 months. As to the Line of Credit, please refer to the upcoming Supplemental Filing we are completing for our sharehodlers. No on partial, the system as a whole needs to be ready to be considered "delivered" for the Buyer, at least as of now. Not a big development so it should not take too long.

Key portion bolded...

My view of the company has certainly not changed, my timeframe has, but I still think this is a winner...A big one at that!

TraderGreen