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Microcap & Penny Stocks : MISM: Franchising for the Future (The Future is Now) -- Ignore unavailable to you. Want to Upgrade?

To: workingclassman9 who wrote (600)	7/8/1998 1:53:00 PM
From: broke2	Read Replies (2) \| Respond to of 1072

I don't want to sound like a Doubting Thomas, but,in the shareholders letter of June 25, Dan stated that they were waiting for a letter of credit for 12 million dollars from the bank at that time. That was one bank. Now they are going to pick between 2 banks to see has the best terms? What happened to the one they were waiting on? And this is for 16 million. My company borrowed 9 million dollars from a bank 7 years ago and it took 39 working days from start to finish to complete the loan. And we did not have near the collateral that MISM will have IF these deals ever get done. When I went in and sat down with various banks and explained my needs, they set out their term's and conditions on the very first meeting.When I felt I had found the best deal we signed a contract stating what those term's and conditions were. And they could not change except in my favor. Of course it all revolved around my companies ability to repay the loan. But the original terms stayed the same. If the bank had changed the terms in their favor I would have been able to sue them for breech of contract. And won. It has now taken 7 months and who knows how many banks to get this loan. I for one just don't understand what is going on. I'm still holding and waiting. broke2