[DMCForum] DMC almost survived? (was Re: God & DeLorean - Actually "on topic")

["therealdmcvegas" <dmcvegas@xxxxxxx>]

I'm a bit curious about that myself. I do know that a $10M loan was 
approved for DMC, from some high-risk lenders out of Washington, D.C. 
They were desperatly trying to call him the day that he got arrested, 
so that he could sign the paperwork, and they could get the money over 
to keep the factory open.

The UK government was upset that DeLorean did not inject much, if any 
of his personal finances into the company(ies). So after the receiver 
decided that DMC was viable (and could perhaps even take over 
production of 2 other failing British car companies), they decided to 
make a final deal. A HUGE government grant for DMC would be approved. 
HOWEVER, the stipulation was the JZD would need to inject $20M into the 
project, of his own personal funds. He could have done it too. He had 
the $10M loan, the $5M Manhattan Apartment, the $600K Pauma Valley 
advocado ranch, and the $12M Logan Mfg division that he could all have 
sold off. But because of the pressure against him, and the death 
threats twards his family, he decided to take the flight to California 
that day... Of course, I don't know where the other $10M was supposed 
to have come from.

Now while this is only speculation on my part, the thinking of the 
British government was beautiful, in their construction of this deal. 
DeLorean would then be financially anchored to the project, investors 
could become more confident in the stock, and by taking over another 
car line, more profit would become available. And of course, both 
dealer networks could be intertwined to one another, to distribute both 
cars globally.

But hey, life happens.

-Robert



--- In DMCForum@xxxxxxxxxxxxxxx, "gzapf" <x86Daddy@xxxx> wrote:
> --- In DMCForum@xxxxxxxxxxxxxxx, Shannon Yocom <ssdelorean@xxxx> 
wrote:
> > It was no coincidence that financing was arranged in New York at
> precisely the time he walked into the FBI snare in L.A.
> 
> Whoa...  I didn't know about this... legit funding came in during the
> coke setup?
> 
> --Greg

---

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