letter of intent, page-30

A letter of intent is basically a written statement expressing the sender's intention, should certain circumstances arise, to take or forgo some action, like entering into a future agreement with the recipient, or, more generally, carrying out business activities mentioned in the letter of intent.it does appear to me that this notice was passed to obj to circumvent 3m ie let 3m know there are other players involved,when they asked for a further 60 days.i continue to buy on the dips and reckon may be getting close to a top 20 option holder.whilst a lot of rubbish has been posted on obj ,it still is a very big punt on an announcement in 60 days however my comfort levels improved on the issue of the loi,no way was that a 3m document.