yeah well if they're clever they will have subtley worded the "letter of intent" to make potentially binding (i.e. a Banque Brussels Lambert SA type scenario), or in any case sue them on equitable estoppel, but I suppose formal legal rights mean shit for little ole ESI who probably couldn't afford the legal advice anyway!
4 cents a share, seems about right IMO - any bets for 2cents by xmas??
deeper discussion on medium term strategy, page-40
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