John, I agree about lack of trust. But GRNO needs cash from somewhere it order to execute the business plan. And at the moment, as you point out, they need to execute the business plan in order to get cash. At some point, someone has to accept the risk of dealing with a financially weak company and, preferably, buy something or otherwise lend something. If not, everything is down the financial tubes, including Bill, who has put about everything he has into the company. I also have no doubt that a steadily working processor would do wonders in helping to promote sales.
Of course, there's always the outside chance of a prompt settlement for the malpractice lawsuit against Jon Anderson and his former law firm. I've read the statements by the expert witnesses that were filed in the district court recently, and they're pretty impressive. One is from an investment banker regarding financial damages ranging from exclusion of trading in the stock to cancelled business deals, one from an ex-SEC attorney regarding legal malpractice, and one is from a petroleum engineer regarding the technical status of the process within the context of the petroleum industry. Taken together, they show losses running well into eight figures. Given the desperate need for cash, GRNO would no doubt happily settle early for a compromise amount from the malpractice insurance company. Of course, it may be in the financial interests of the insurance company to stall as long as possible, but legal expenses accumulate as they do. According to court documents, trial is currently set for this year's fall term.
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