(Total Views: 278)
Posted On: 10/12/2018 4:11:53 PM
Post# of 4466
Well, they do need to secure 10% i believe outside the financing they say they have arranged. Maybe this is that. Its a lot of money. And it is roughly 10% of what they'll need. They must have a plan for it. I think its for the first phase or part of it, and then they can use that as the DP for the rest. I could be wrong. But that's is how I see it playing out. I can't see someone loaning that much money without a plausible plan to recoup. I wouldn't give 600 000 to someone without a pretty good chance of getting it back. If they don't build, in 6 months the shares they're promised would be worthless. The only other alternative is that they believe MMEX will build. I hope so.
(0)
(0)
Scroll down for more posts ▼