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Wednesday, April 20, 2011 6:40:20 PM
I totally agree. I think today's accounting of potential deals was intended to help level the field.
I also think that is highly possible that any/all of the potential deals require the production permit to be formally issued. It isn't very practical to enter into a production/sales agreement unless you have the legal right to produce and sell for the foreseeable future - June 15th doesn’t cut it. The permit maybe a formality, but it is a necessary formality.
Lastly, I speculate that JB assumed he would have a permit by or before the end of April and therefore be in a position to close deals. As the end of April approaches with the stock price soaring because the heavens are about to open up and no permit in hand (that we know of) it was probably time to face his nemeses – over promising and wink & nod
Disclosure: I didn't sell any of my holdings yesterday or today, but only because I'm too stupid and slow to do what I knew I should do.
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