(Total Views: 189)
Posted On: 12/13/2022 11:43:04 PM
Post# of 13840
For those on the edge of their seats waiting for 50 Mil to fall into a P.O. Box/ corporate headquarters.
This might help those on the edge of their seats, waiting for an 8-K having anything to do with financing, to sit back in their seats for a while.
Wonder if this is accurate?
Timelines for project funding:
- Two to eight weeks to get from initial engagement with the investor to a conditional terms sheet.
THEN DUE DILIGENCE PERIOD BEGINS (wonder if the data room is still set up from the credit rating exercise)
- Two to six weeks to get from Conditional terms sheet to signing of Unconditional terms sheet
- 30 to 90 days for production of full loan/investment agreement
- 45 days for delivery of funds
Approximate total amount of time:
allow four to eight months or more depending on deal complexity from engagement to financing.
Reality sets in:
At what stage is the due diligence done, before or after signing the unconditional/conditional term sheet?
After signing the conditional terms sheet.
Wait until some real due diligence is done. lol
Can't imagine a company lasting 4 to 8 months with revenue dried up, strapped for cash and no OEM products being shipped to the U.S. So what are the options between November 14th A credit rating date and a possible delivery of funds 4 to 8 months later. Maybe keep going to Peter to pay Paul?
in my humble opinion
cheers
This might help those on the edge of their seats, waiting for an 8-K having anything to do with financing, to sit back in their seats for a while.
Wonder if this is accurate?
Timelines for project funding:
- Two to eight weeks to get from initial engagement with the investor to a conditional terms sheet.
THEN DUE DILIGENCE PERIOD BEGINS (wonder if the data room is still set up from the credit rating exercise)
- Two to six weeks to get from Conditional terms sheet to signing of Unconditional terms sheet
- 30 to 90 days for production of full loan/investment agreement
- 45 days for delivery of funds
Approximate total amount of time:
allow four to eight months or more depending on deal complexity from engagement to financing.
Reality sets in:
At what stage is the due diligence done, before or after signing the unconditional/conditional term sheet?
After signing the conditional terms sheet.
Wait until some real due diligence is done. lol
Can't imagine a company lasting 4 to 8 months with revenue dried up, strapped for cash and no OEM products being shipped to the U.S. So what are the options between November 14th A credit rating date and a possible delivery of funds 4 to 8 months later. Maybe keep going to Peter to pay Paul?
in my humble opinion
cheers
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