For those on the edge of their seats waiting for 5

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