oakagee, page-24

I'd visualise this is what has been going one while we post here fruitlessly on hc

round 1

murchison: I want an extension of 6 months
collin: that's a breach of the t & c, I want some changes in the current structure

round 2

murchison: no change in the structure, but we will get the other fundation customers involved in building the opr, such as supply the building materials etc. (somehow, the media gets hold of the news and a backlush from the local industries followed)

collin: good to see some progress, but the delay is a breach of t&c

round 3

murchison: how about we let the other fundation customers take some ownership of the project, 20%

collin: that's a nice start, come back with an agreement between the parties and we'll look at it.

round 4

murchison: we have agreed that the other fundation customers will take an equity stake of 40% and appr board reps.
collin: good to see some good progress, but what if there is further delays?


round 5
murchison: we'll stick to the new time frame
collin: not good enough

round 6

murchison: how about we'll hand over the majority control to other parties if we delay it again.
collin: sounds good. there is your approval.

(the above is purely fiction and should be read as such)