I'm just here for the Friday afternoon "another week goes by...

I'm just here for the Friday afternoon "another week goes by without funding" post....

However, as to your question, it's pretty straight forward - no cashflow, no assets....its unsecured lending.

In these commercial lending situations, it usually comes down to the credibility of the MD and the management team - does the financier believe this group of people can deliver the project and thus repayment schedule ....

I'm not sure what it says about the WKT BOD and management that they have been waiting since 2016...