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Re: Jetfan190 post# 15444

Tuesday, 07/07/2020 2:00:38 PM

Tuesday, July 07, 2020 2:00:38 PM

Post# of 41503
The deal is binding, of course there would be reprecusions!

Under the unbinding MOU with OMD, it would remain unbinding until the good will deposits of $15,000,000 were received. Only then would the deal would become binding. IF OMD backed out, they would still owe Mirage $10,000,000. If Mirage backed out, nothing would be owed. Clearly that is what happened.

This time, the deal is sealed. Binding.