Tuesday, July 23, 2024 11:32:28 AM
As stated earlier, I / we expect to have more news in the next 30 days that showcase the decisions that are made to build financial stability and growth to CyberFuels Holding Company Inc. We are as eager as you to get the JV underway and the buildout of our Green Energy Campus going with the right partner. Thank you for your continued support and have a Happy 4th of July holiday.
I don't see anywhere that spells out a date or timeframe from the last missed deadline of June 29.
We have a balloon payment on the mortgage for the Port Tampa Terminal properties and businesses in Port Tampa. We have been in constant contact with the Seller’s Estate Administrators, and they are fully aware of the immense progress that we have made with our potential JV partner. We expect that the finalization of the JV Agreement will allow Cyberfuels Holding Company to make cash deposits that will eliminate the liens on the properties so we can contribute the land and businesses without encumbrances. Our potential partner is nearing the completion of their own due diligence (having taken months longer than we expected). Nonetheless, we expect to have this process completed in sufficient time.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
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