Fact is ECSL has a deadline that is up to the whims of Lorton estate. A potential JV partner does not ..... and ECSL doesn't have anything they can do about it unless they go out and get a loan (which they don't generate enough revenue still to support) or sell more stock .... that no one lately really wants to buy pending the outcome to this situation.
Fact is the big boyz move at glacial pace unless there is competition on a target with perceived value. The big boyz or any partners ..... could care less if ECSL has a balloon payment due or when. It isn't their problem to worry about.
What blows me away is the lack of deals/revenues from the additives all this time and frankly wonder if there is a bit of a game being played with Mills private company and Green Path here. They been at if for more than 1 1/2 years and there's no indication they are selling anything of significance.
I'm still in the camp that a deal is in the works for the land/terminal. But I don't like Lawrence's assertion of "contributing the land". So will have to see what that looks like. So I'll wait. But I expect communication to remain as bad as always even if a deal is announced and I expect any deal will have a lot hidden under confidentiality clauses.
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