Wednesday, May 22, 2019 8:59:29 AM
I would say you're correct/ Based on the latest report, the way I see it, is that WSRC is now on the back burner. I noticed the wording that there is"a tentative agreement to terminate" the deal." Also I noticed the wording stating that New Earth is basically a "new/substitute" venture for that deal, with even more aquifer reserves as well.
No doubt about it, we've needed this deal closed from the day it was announced. Now we need it either off the books or on so people can see the value of the assets.
However, keep in mind, if we can get this deal terminated, and then XYZ has success getting New Earth of the ground, RSHN will have a much smaller and less expensive initial investment ($4,500) than if they keep the $6.2 million deal in place.
All my opinion.
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