Can't see the market rating this until the $20m is in the bag. 15 days sounds good but it sounded good in March as well.
On the upside, the most important message in that announcement: Someone has done their due diligence and is satisfied enough to hand over $5m. If the Gres deal falls through the lenders of the $5m have lost their money. I can't see anyone being dumb enough to hand over an unsecured loan with a full and verified account of the Gres deal and the cause of the delays. Big vote of confidence.
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