Amfil Technologies Inc (FUNN)

[StockWatchMJ]

I believe the LOI is between S&LAZ and the potential landlord for the building they looked at. That being said, a LOI is very loose in terms of legally binding. I'm pretty sure the owner/landlord could still back out of any potential deal with no penalty. An LOI just means the owner at any given stage is open to the idea, not necessarily anything set in stone. The owner could have been open to the idea in preliminary talks but change his mind at the more formal meeting to determine the final answer. It's more of good faith negotiating tool IMO. I think @SnakesLattesAZ has pretty much confirmed that if you look at their recent tweets leaving open the possibility of not coming to terms on an agreement.