Agoracom: Small Cap Investment - Allana Resources - Re: What "debt mandate letters signed and process is well underway" means?

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What "debt mandate letters signed and process is well underway" means?

vkaushik10

Apr 16, 2014 07:18AM

bob-ten1

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Re: What "debt mandate letters signed and process is well underway" means?

in response to

What "debt mandate letters signed and process is well underway" means?

vkaushik10

posted on Apr 16, 2014 07:49AM

I imagine the debt process is slowed by there being several different lenders involved . It would be like getting a car loan from 3 different banks. They all have to agree on what percentage each will fund. All three are not going to give you a loan for the full value of the car.

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