To Mr. Pickering, According to what you wrote,
"We are in discussions with one of the major
financial institutions. I expecting to have a letter of intent next
week, which will be essentially the takeout for construction
financing. I'm quite pleased with the way that's heading along. "
Then this week TT should have a letter of intent,as the call was done last week.
Question:After the letter of intent,when will they have the financing, as a letter of intent is not considered final.
Also:Rene again."I know definitely, that the market is not aware of, basically, how
close we are to this thing busting loose.big time. Well why doesn't he tell the shareholders,after all,he seems to announce as much as possible these days,and to say that he is so close,should bolster peoples confidence.
At least one part I can understand and agree"a lot of people have seen us.where
we've said things, and never delivered. " Seems he's finally catching on to some shareholders.
Explain this,"I think we have a
very good working relationship.", with who,Trooper? His own team or what?A very good relationship with his new lawyers?
Also he stated:
let's just say we have one sitting at Hamilton.totally debt free.with
the depack center working there, etc., etc..right? There is going to be an
accumulation of roughly $24 million worth of assets.
How do you get 24 million from one TMP and a depack center? Are they made out of gold?
Since when is he scared of the Trooper boys??"We have it
drafted.we're looking at it. I want to make sure that we don't release something
that the Trooper boys can shoot us with. "
And:Laurence Liebowitz, our internal counsel, definitely believes that on May 21st
there's no way that there is a possibility of us being found in contempt. We have an
engineer, plus we Dr. Dan Cumming, plus we have the Patent Examiner and
Attorney letter.stating what they've got and what we have and that the Dick
Engineering drawings belong to the new patents." Isn't those drawing supposed to be delivered?That was the reason going to court in the first place.So he has another patent on it.Who cares how many patents he gets?Do you MR. Pickering know what he is talking about??
The stock keeps on going down.Is that what he meant when he said"We believe we're in very good
shape."
What do you think will happen if the judge rules that HE is in contempt,after all, the appeal judge did rule that once before.
Awaiting your reply, and thank you for posting,I really enjoyed it and congratulations. |
