They claim Project sea dragon was not insolvent because they were up to date on their progress payments. The contract was for x dollars plus the balance of $13.9 million, not the sum of their progress payments. They should have had available the $13.9 million after all they raised this money from shareholders for this purpose. If they were not intending to make this final payment they should return the money to shareholders otherwise they have gained a financial advantage by deception, and should be criminally prosecuted.
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