Jerome, the question is not, "where is the.."
it is, "will there be..."
this is taking time, and is a challenge, because banks don't lend to a company because Tom Neiman is running it. They lend lots of money when there is a good probability that they will see it paid back.
What does a bank see right now, that makes them think there is a high probability that AGTI will be able to pay back installments of this debt?? (PS - don't say "Tom Neiman", and don't say "England", and don't say, "Texas", and don't say "the 85% completed (and not fully owned) Sega system, etc.....) A high probability translates into past RESULTS, not things that MIGHT END UP BEING GOOD for the company.
Unless someone has another theory on how a bank makes investment decisions, this is what we are up against.
And this may mean it ends up in an equity related financing (more shares issued).
If I had the money, I don't think I would lend it. There are many other "higher probability" investments out there.
Sorry for any negativity....just my opinion
Kurt |
