Warrand, do you have a view on the pending court case? If you take IEC's statements at face value, this seems like a nuisance suit, with Caspian primarily at fault. Also assume the fact that the case has been pushed out so many months has been a big advantage to IEC as its given it time to build a cash holding sufficient to meet the liability if its forced to make 100 cents in the dollar payment, whereas back in Sept last year, perhaps it couldnt?
IEC Intra Energy, page-52
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