 Posted: Sun Feb 07, 2010 8:53 pm Post subject: Insurance Availability Question |
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My company is trying to raise funds, through an equity placement.
We possess a letter of intent/confirmation indicating that an American investor has "approved" purchasing stock in a holding company we are going to create.
We will have to incur expenses in order to facilitate the transaction.
In addition, there is a possibility that the deal might get canceled.
We believe that is an unlikely possibility, but there is no way for us to actually know this prior to incurring those expenses.
So, do you know of a firm which would be willing to insure those expenses? In other words, if the deal fails to sufficiently materialize and/or we become the victims of fraud and/or theft, then could we count on the insurance to pay for those expenses? |
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Smith407
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Joined: 07 Feb 2010
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