Hi, I know nothing of the situation with the vessel offered for auction. I do however know that there seems to be a never ending list of characters offering what can only be described as creative financing solutions for yachts. A few of the other sites/groups I subscribe to seem to deliver a regular stream of these folks who can re invent the wheel, loan you huge money for next to nothing while knowing nothing about you. The old saying "There is no such thing as a free lunch" applies today as much or more than ever before. I also know that yards are a lot more wary of a beneficial owners financial sources and stability when negotiating a deal than they were just 5/6 yrs ago.