You guys can argue all you want about finances.
The bottom line is that STWS is a doomed company and BK may happen or not.
What good are assets if you can't develop them.
IMO, It all comes down to this Special Meeting on Thursday.
If "Yes" they get the go ahead, then maybe STWS lives another day.
If "No" then it is probably over for STWS.
Don't you think that the Emergency Shareholder meeting and Special City Council meeting are connected somehow?
Does anybody have any info on "rule changes" in 3a??
If 3a causes more delays, then the 3c "Cooperation Agreement" comes into play.
The council may ask does STWS have to money to complete the work??
4. Reconvene into Open Session Pursuant to Texas Government Code Section §551.102 & Take
Action, if any, on Matters Deliberated in Executive Session:
(3a) Discuss/Act upon the Middle Pecos Groundwater Conservation District’s Proposed Rule Changes.
(3b)Discuss/Act upon the Status of Fort Stockton Holdings, LP’s Litigation.
(3c) Discuss/Act upon the Status of the Cooperation Agreement between the City of Fort Stockton, Texas
and STW Resources Holding Corporation regarding Development of Water Well(s) in the Capitan
Reef Aquifer Formation
Anyway, I just hope we can get a final status on the livelihood of STWS and our stock investment.
