QS Energy Inc (QSEP)

[zerosum]

Totally Agree Deesil, although I was under the assumption that we are still officially in the "Initial Term," and in the "initial term" I think TransCanada has the option to purchase at $4.3M. I believe the contract says that in the "Extended Term" the must pay "the greater of $4.3M or fair market value."

Check it again, but I think it matters what term we are in, either "Initial" or "Extended." It depends if TransCanada officially extended the lease.

Which term do you think we are in?

GREAT observation though.

The other question I have is how MANY can they purchase at $4.3M? Is that $4.3M price good only for that unit on the Keystone? Or could TransCanada buy as much as they want at that price?

That would be interesting if we could find the answer to that...