Any guesses what David would have to put up as collateral for the 10 million line of credit? If his house is in foreclosure and there is no longer a physical business location what is he using to get the loan? Especially considering the lawsuit judgments. I mean he can show the profits from NTEK, but are there currently profits? How is he bringing in monthly income? To get a line of credit/loan you have to show you can pay it back.

I guess there could be paper work stating the credit line is contingent on the other funding going through. Kind of like a chain of events. 1. credit line, 2. pay off lawsuits with it, 3. Other funding is released, 4. Credit line/loan is immediately paid back. If so, I could understand how that could take quite a bit of time. Getting a loan on a house can take a couple months if your credit isn't great. Heck another entity might have to be involved so that David never touches the funds. It's simply dispersed by a lawyer or whomever is providing the credit line.