Golfer, I don't think it will be much longer, but if we are still waiting at the end of June I will be very surprised.
I will actually be surprised if we are still waiting at the end of May, but because of the size of the deals that are being made, according to rumors, I like to give some room for the normal, slow!, course of business that sometimes occurs for complex, long term, deals with large companies.
BTW, what did you think of this post from Raging Bull...
By: docholidayco $$$$$
08 May 2002, 07:37 PM EDT Msg. 44739 of 44892
After Further Review:
In regards to the additional tank issue,i stand by my conversation with Mike.The Refinery contract with TotalFina has been agreed to and AIPC has recieved a letter of intent from TotalFinaElf in France several weeks ago.In order to execute the intent, AIPC is required to do many things before the implementation stage can occur."AIA" was formed in order to comply with Total's wishes and while Total will not assume any ownership in "AIA", they will control revenue's generated by "AIA",in exchange AIPC will receive a letter of credit which will allow them to secure two additional financial agreements.AIPC will still be responsible to purchase the crude for the refinery hence, the reason for the financial agreement with USAFundingLTD.
The announcement of this agreement will be made when the Implementation stage has been reached,which includes the refinery being in full production.This announcement could come anytime,several days ago,it was my understanding that a shipment of crude was sitting off shore waiting its turn to be-off loaded and shuttled down to refinery by barge.The question is when will this announcement come? at what point is it considered implemented?......one thing im certain....its coming!
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