U.S Fuel Corp. (fka USFF)

[gator644]

Doc and Otherdoc, correct me if I've got the details of this transaction slightly confused. It seems to me that there's a larger picture that nobody has addressed yet.

Drawing from memory, the 625K had strings attached to it. If the state of KY decided NOT to give a grant for engineering development ($2M, I believe), the 625K would revert to the county courthouse for some construction project. Correct?? I infer by the company's receipt of this small change that the University of Kentucky has passed favorable judgement on the technology NSOL will employ and the state HAS decided to award the grant. Do you think this is a reasonable interpretation of the law, as written?