These are serious issues you bring up. The thought that CSMA unilaterally cancelled the agreement to divert cash from a financing that your group funded is a very serious allegation.
CSMA, to public knowledge, had not received any financing from the LPS transaction. Official management claims are that the Company expended approximately $165,000 for startup costs related to the LPS operation.
If CSMA had put up their own money,as they have implied from their comments, it would lend great support to their claim for having had a valid reason to reluctantly cancel the agreement, i.e., CSMA would say: "Why would we just out and out cancel an agreement for no good cause, in light of the fact that we put this substantial amount of our own money into the deal? We had to have good reason, right?"
However, if CSMA had not put up their own money, and actually received funds from your sources, that would be another matter entirely. What documentation do you have to support this rather serious charge?
As an aside, I did see the independent consultant's conclusion that the sea soil could support a value of at least $450/ton. The same day assignments with different amounts($180 and $450) did appear strange, nevertheless.
TG
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