Price spike!!, page-40

philh9,

My take is that they still need the $28 million (more or less), but it could be targeted more towards PB than AN. You will recall that the two CRs had allocated funds for PB. More of the CR money has been directed towards AN than originally intended while there was a "delay" to finance.
Basically the total amount (CRs & loan money) is still required but it has been shuffled around somewhat and this may have lent AVB to consider alternative funding arrangements in the interim.

The syndication of the $28 million is hard to fathom unless the negotiations for the future funding of PB is in the mix already. I still believe that BV is the driving force behind this and not AVB. As announced, BV is the "syndication leader".

Some will say that this pure speculation and yes it is, but while we wait longer than we want to, what else is there to do than to try to find reasons the "delay"?

An announcement soon would more than welcome.