Ann: Binding Offtake Signed with Traxys, page-137

You have actually nailed it right there and thats how the big boys see it, hence the SP.
This is a binding marketing agreement where we dont even know what % Traxys make or what percentage we make.
This is not an offtake agreement.!!!

Nonetheless, its still an agreement and a step forward. If Traxys perform for us then at least we dont have to worry about selling the product.
I still think though that this falls far short of us having a proper OT agreement where someone like BASF takes 100% of our product at xx$/ton.!!!!!

This is why the SP wont do much.