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Posted On: 03/17/2020 3:38:56 PM
Post# of 154003
Re: penniestodimes #21872
I think it's important to manage expectations.
During the March 5th conference call, the following was said:
So, obviously, these are nothing but blue-sky estimates.
However, best case scenario is 2-weeks to choose a term sheet, and 4-weeks to complete: That puts us at 6-weeks from March 5th, which is April 16th -- 4-weeks from today.
Alternatively, worst case scenario is 3-weeks to choose a term sheet, and 6-weeks to complete: That us puts at 9-weeks from March 5th, which is May 7th -- 1-month and 20 days from today.
With the financial markets in disarray, I would lean not only towards the worst case scenario, but maybe beyond it. However, I retain the right to be wrong.
During the March 5th conference call, the following was said:
Quote:
NP: I believe that we will choose a term sheet within the next 2 to 3 weeks and I believe 4 to 6 weeks later we should be able to complete that. Craig do you agree with what I'm saying?
Craig: Yes, I do not I think, you know if we continue to move forward with the things in front of us there's no reason to believe that that couldn't happen.
So, obviously, these are nothing but blue-sky estimates.
However, best case scenario is 2-weeks to choose a term sheet, and 4-weeks to complete: That puts us at 6-weeks from March 5th, which is April 16th -- 4-weeks from today.
Alternatively, worst case scenario is 3-weeks to choose a term sheet, and 6-weeks to complete: That us puts at 9-weeks from March 5th, which is May 7th -- 1-month and 20 days from today.
With the financial markets in disarray, I would lean not only towards the worst case scenario, but maybe beyond it. However, I retain the right to be wrong.
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