Waving the white flag., page-18

That statement is predicated on the idea that the punters wasting time somehow equals a repentance for time wasted in the form of a signed deal. For all we know they're going to end up failing anyway. They don't seem to be giving it a red hot go at all, the words "polite persistence" spring to mind, if anything that's a red hot pester.

The major problem this company has had is that it has made it's lynch pin for accomplishing anything one document. There should be a myriad of separate documents not one all Governing document for the project. I don't mean a bridging agreement or a TPA either. Simply put terms for construction should be separate to terms of royalties and so on. At least then construction could start and significant differences in other areas would not have fouled everything up.

They have failed because they have pushed their financial differences too early when they should have been pushing production of a pilot plant, royalties could be worked out later. What you have now is the punters are in a bind because the points of conjecture now hold up all other matters, a real amateur mistake.