I do not think that is quite right AO. If the Option Agreement approved by shareholders FMS say they will cease all work on PIOP. Todd will perform all work on PIOP at Todd's expense and if they default, whatever has been done reverts to the property of FMS. That is my understanding.
Also, Todd can have a seat on the FMS board now and have not taken that up. Probably to avoid complications now. I would imagine they would take a board seat if the vote is yes.
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