“However, in any event, the termination of the Term Sheet is not expected to have a material impact on the operations and production of the Company.”
considering what little the company has done thus far of course it won’t have a material effect.
I think what the company is trying to say is that they never really anticipated in selling much product anyway so now without being able to source products from HCT we don’t think that will change anything as we still think we aren’t going to be able to sell much anyway.
Ann: Update on Termination of Agreement, page-19
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