"Does CMKM have an outstanding or a defaulted liability with you today?" Mr. Stoecklein asked.
"We have served them with a default letter, yes, of which this past week Mr. Casavant and I have came to an agreement of which I'm going to take possession of the sands," Mr. Dhonau said. "I don't know the correct Ecuadorian term yet. Here we'd call it a UCC1, but we are going to take possession of the sands down there to collect the shortage that CMKM has failed to pay down in Ecuador."