hardly a $20M shortfall on stage 5 CK, the DFS hasn't even been completed yet but estimates are for $80M for the entire seawall built over 2 years..
$20M to get rid of WEG is/was due to be financed by Oct 2014 options, this has nothing to do with that IMO..
$20M WEG owe's PLV... ? well its been listed in the prospectus as that, they havent paid a bill since Jan 1st we know that.. you'd think they owe us money... that along with a heavy wet season brought us to the brink, i have no idea but suspect this is another WEG related event, it certainly smells of them..
the massively disappointing thing is the shareholders were under the impression we were now DEBT free post CR.. as stated by the company, but apparently not.
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