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TFletcher

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TFletcher

Re: codaras post# 13111

Tuesday, 07/14/2015 1:27:15 PM

Tuesday, July 14, 2015 1:27:15 PM

Post# of 15249
As I understand it, the bonds are underwritten by Stifel and have been sold "with contingencies."
Completing the EPC is ONE of the contingencies. (I don't know what the others are.)
That's why I suggest looking beyond the EPC.
The bond sale won't close until all contingencies are met.
My biggest concern is getting the bond sale closed before this shaky bond market collapses and the buyer backs out...
THE CLOSING OF THE BOND SALE PRODUCES THE CASH FOR PLANT CONSTRUCTION.
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