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Re: None

Sunday, 12/02/2012 12:42:18 AM

Sunday, December 02, 2012 12:42:18 AM

Post# of 97615
I was the first on this board to correctly assess the situation re: the MSE fallout (post 79296), but my statements were based on a conversation I had with a close observer of GTGP, Merdi, and the ongoing discussions. The proof of the pudding as to the inadvisability of concluding the agreement was when Merdi officials refused to sign a legally binding "statement of health" of the MSE operation, just like CEOs today are legally bound by their auditors' conclusions (remember EXXON?). This was the red flag that unsealed the deal.

Now, Jim has the option to "cherry pick" the carcass that is MSE if he desires. We have avoided a disaster, but the future of GTGP is still a big WHat NOW?