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Monday, November 09, 2015 7:30:54 PM
At least we will be owners of something valuable.
That is a bad analysis of the Q. It was actually very benign. Kinder Morgan is still on board, otherwise the contract would have been terminated just like with TransCanada and we would have gotten an 8k termination of agreement. The company could be break even or cash flow positive very soon. And by the way, it's easy to scare people by touting "negative shareholder equity," but the only reason the shareholder equity is negative is because the cash position went down. The cash will go back up. They are not going to run out of money.
So the ray of hope is that we haven't seen an 8K terminating the agreement therefore everything is great? Wow! The vertical orientation did not work as impedance eventually went high. They have both agreed to "hold off" on testing until further evaluation and or retrofit by the QS teams. As a result KMI has not "accepted" delivery of AOT which removed any financial obligation on their behalf. In my mind its dead but I am sure the legal pundits will argue differently. Meanwhile its in limbo land, which is pure gold for penny stocks!. This deal will be long dead and there will still be someone bringing it up as an active contract on majpr pipeline. Strike 2 QS.
As to being cash flow positive what evidence to make that claim? The company has no revenues to speak off and everything its getting out 6-12 months.
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