Icantstop, you are right on the money. Everybody is getting all upset over nothing.
The one simple truth is:THE AOT IS STILL ON THE KEYSTONE PIPELINE.
The only piece of information that is relatively current is the report by outside testing firm that published that the results could be improved by an "unconstrained" power supply. That's it.
The BS about instructions on how to ship it back and Gregg not knowing what to do with the system once its returned is just that. Those return instructions were part of the T's and C's of the original lease agreement and probably resent to TC when they cancelled the lease July 15.
July 15th was a long time ago and still the AOT is on the pipeline WHY!!!
TC can't figure out whether to use Fed EX or UPS??? IS that the delay?
Why wasn't it sent back on July 16th the day after the termination was announced?
Gregg statement about what to do with the AOT once its returned was a strategy move. You don't tell your current girlfriend who you are going to sleep tomorrow night when you're trying to close the deal with her tonight. I'd wager Enbridge, or Kinder Midstream or one of the companies in Europe or Africa can't wait to be the next to evaluate the AOT. They can't because ITS STILL ON THE KEYSTONE PIPELINE.
All these statements about "Its over" are nonsense. IF it was over why would Gregg uplist the stock to an exchange that is going to give the company much much more visibility? Oh, so more people can find out that the Keystone evaluation failed. Seriously?
If Keystone was a failure the AOT would have been returned TWO MONTHS AGO. It wasn't so ask yourselves why.
The only piece of information that is new is regarding the power supply issues. All the rest of the crap you are slinging has been known for months. If you focus on the wording in the outside testing company's report it reads quite positively really. That information may be fairly recent for all we know. I think TC ain't shipping anything back until they see the performance after a new power supply is installed. They know that if they ship it back prematurely they will lose all of the pricing and prestige advantages of being the first customer. It might also jeopardize their chances of getting the Keystone legislation through Congress which is looking better since the elections.
I think this 10q was Gregg's way of suggesting to TC that they fish or cut bait because KInder and Enbridge and all these other outfits are looking for a chance to get their hands on an AOT. UNfortunately, they can't and you know why?
ITS STILL WORKING ON THE KEYSTONE PIPELINE. Wake up people.
