I’m surprised that management hasn’t brought up the possibility that, being so in arrears, SYA is at least looking at the possibility of breaking the PLL OTA and/or the JV, on the grounds of PLL not meeting their financial obligations. I’d love to see the fine print of both agreements (JV and OTA).
Even if they don’t actually intend to follow through, it would put pressure on PLL to actually pay up. They (PLL) are looking shaky on a number of fronts, and have been taking us for granted. It’s time SOMEONE look out for SYA shareholders, and not themselves or our junior partners, who always seem to be benefiting from us like a leech.
Just my opinion.
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