CTTC, this theory does not make any sense to me, for a couple of reasons.
First of all, a PR was put out stating that financing had closed on Sept 14th, and that construction would begin immediately. This was a 275 million dollar project, yet we are to believe that the finer points of the financing were being worked out AFTER closing? I don't think so.
And secondly, if this were simply a matter of a few details needing to be worked out before the money would become available, wouldn't it be logical that this would be communicated to LLEG? If the payment was imminent, why would LLEG go public with a PR including statements about "breach of contract" and "vigorously pursuing all remedies", etc?
In the absence of a statement from Bartoszek telling us why the payment was withheld, I am more inclined to believe LLEG was not paid because they provided faulty engineering, as opposed to the funds being unavailable because of details yet to be finalized. Just my opinion.
