Bill just answered a couple questions on AB's chat
Post# of 56323
Posted On: 05/12/2014 10:19:59 PM
Bill just answered a couple questions on AB's chat
It is very difficult to raise funds without offering collateral or shares. I encourage you to call 10 banks and ask if they want to invest in a project you are putting together.. and tell them you have no collateral to offer and none of your own money to contribute. We did not give any shares. We sold an equity stake.
and
There is no limit on the number of licenses to be issued. I believe most LP's will have difficulty in keeping their license once issued. The paperwork is onerous. Unless they have experience in the operational of a drug or dietary manufacturing facility, they will find compliance extremely difficult
It is very difficult to raise funds without offering collateral or shares. I encourage you to call 10 banks and ask if they want to invest in a project you are putting together.. and tell them you have no collateral to offer and none of your own money to contribute. We did not give any shares. We sold an equity stake.
and
There is no limit on the number of licenses to be issued. I believe most LP's will have difficulty in keeping their license once issued. The paperwork is onerous. Unless they have experience in the operational of a drug or dietary manufacturing facility, they will find compliance extremely difficult
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