In November they DID NOT have the funding. They h

In November they DID NOT have the funding. They had a pipe dream of leveraging a bond portfolio hoping some bank would give them a naked draw on the funds, which they didn't even know how to structure a specialized collateral loan like that. There wasn't "whale" money backing it. To top it off, the only thing they needed in Sept - Nov was to pay the bill to release the audit. I was told it was around $112K, and one of the "whales" would put up $90-$92K. I was PERSONALLY asked if I would loan Tony $20K to cover the rest or what facilities would lend something small, quick and easy. Tell me something, if you have to ask an investor for $20K loan to Tony, how would you operate an airline?? When a $6MM+ price tag was on the table at the same exact time!! Where were the other "whales" and why only cough up 80% when you know that extra $20K would seal the deal? These situations alone are enough to say what a uneducated and unprofessional group trying to pull this off. How do you sign a contract to buy an airline without even knowing how to leverage the assets you were "told" you could?? I certainly dont make purchases in life on the whim that I might hit the lottery next week....SMH