china gsa extension correspondence, page-7

A beautiful piece of RJ spin...nevertheless, it does confirm that this casual relationship will continue while it doesn't cost either party anything.

Still think Icon has some reasonable value on a stand alone basis, and this whole MOU saga has been a big distraction, both to management and to the market (i.e. by creating huge expectations followed by disappointment and downward momentum). People are now seeing what the real nature of this agreement is. It time to sell the domestic story Icon and get drilling again wish those now very large gas reserve and some progress on the shale tenements. RJ has always been a better deal maker than a doer though.