Ann: General Security Agreement, page-465

I’m holding my breath for an ann. I don’t believe we would gamble losing the 10% on the vendor failing to contribute 30% of capex. I keep saying it - the contribute or dilute mechanism is a no brainer for the vendor, and he has had plenty of time to arrange funding. There is a risk the vendor will contribute to retain the full 30%. If that happens then we will look back on the termination of the purchase option agreement as TSO selling 10% for cheap. There’s more to it, and it’s price sensitive, so I’m still hoping there’s an ann on the way...