Errr....excuse my ignorance as a rookie trader...but "1st right of refusal"....in my eyes, it means SDL has the 1st right to build the infrastructure, however, if another consortium/company has the moola and resources to build the infrastructure and SDL don't, then SDL will lose their right under "1st right of refusal"...
In simple terms...when Person 2 puts an offer on the table and Person 1 cannot "match or better" the offer, Person 1 loses the 1st right of refusal...
Anyone care to confirm or correct me?
Errr....excuse my ignorance as a rookie trader...but "1st right...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)