only 30% equity. that's good, page-39

Hi VENDRON, et. al.

I totally agree to all your posts here, whatever you think it is.

I'm sure you agree with me too that the debt terms, or commercial terms or arrangements would not be as simple as we think it is. It is often very complicated and it involves a lot of parties.

To simplify it for myself, the 70% Debt or Loan or whatever they call it (if it ends up being 70% Debt), the Project will still have to re-pay that amount as part of the whole SDL Operations.

Now who will guarantee that 70% Debt, or who will underwrite that amount, or who will take that amount onboard, would go to the group(s)/party(ies) who's got the best offer. And on this, we have to trust, our SDL Board and Management, to make sure the best offer would be considered and taken, on behalf of all the stake and share holders.

Regards.