Yes, I can "shed some light." The offer letter from the JV was $4.34M for the assets of the company, and that offer was accepted, transaction closed October of 2018. The transaction was clearly and directly documented in the court documents as being exactly what the letter had offered.
The letter from LCY was attached to confirm their participation in the JV and offer being extended. There are zero other possibilities, especially not one that a 2nd offer was in that letter, as that would also have been documented through closure in the court proceedings and documents. When you think about it, it's kinda ridiculous to even consider a JV sent in 2 separate offers for the same assets, isn't it?
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
