We were invited to put a business in a major highly populated city in an island province, and we together with the family went there on a BIB2 trip. We inspected the site. We concreted the plan to go into the business - we lined up the financing and the strategy to acquire the land needed for the project.
However we soon learned that a competitor asked for the papers and requested for the meeting with the seller. We bidded low having seen a creek at the middle of the land.
The competitor bought the land at a much higher price including the creek The 5 year nego before did not move. And now
Did our presence catalyzed the closing of the dormant deal?
