Nope, a Letter of Intent is all that was stated. No definitive offer of financing was ever signed. Big difference ....... HUGE difference Like I said before, they walked away after a detailed inspection of the process numbers and engineering specs Just like everyone before has done Even with "negative cost feedstock" (paid to accept waste cellulosic materials), the process isn't economically viable All the wishing and hoping can't change physics and economics Ethanol, including cellulosic, is being produced comercially using other processes that have better economic fundamentals. BFRE is a dead stock still trading like a "dead man walking" It's all in my sticky post from a while back http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109493778 spec