(03-31-2014, 11:58 PM)Liloilady Wrote:
ArtM72 dateline='<a href="tel:1396271179">1396271179</a>' Wrote: Not sure any questions answered other than it is going to be IOCTOT v OSH in London. Spector wouldn't even give a clean statement if the first payment is coming from Total. Instead he said "once funds received" and McDougal from Westlake reply: "OK, great". If Hession's three points of Stabilize, Monetize & Secure were taken out of the presentation it could have been over in 5 minutes. How many times did he repeat those three bullets? Triceratops appraisal: March or April of 2015. No rush apparent there.Not to drop names but Mr. Specter assured me that they "will advise the market as soon as the Completion Payment is received from Total."
Thanks for that Lil. That's my reading on the SPA; Wednesday is when that transfer would be due per the SPA. Hopefully we see that. Based on the disclosure in the Financials that legal councel feels confident that they will prevail, hopefully Total feels the same way and will make the transfer and not withhold them or escrow the funds.

