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Re: TraderGreen post# 16013

Thursday, 09/26/2013 6:34:00 PM

Thursday, September 26, 2013 6:34:00 PM

Post# of 36237
As for the EX-IM LOI extension, the EX-IM bank as per post below has confirmed that there is one more extension allowed (extensions are 6 months in duration) that brings the company to mid May 2014 with this current LOI being extended in November 2013 assuming there is no PPA decision and/or PPA signing that has occurred by November 14, 2013.

In the very UNLIKELY event that there is still no decision by the PPA buyer by mid May 2014, then STLK would need to get a new LOI letter issued from the EX-IM bank from my understanding.

Please note that once the PPA is signed the Ex-Im process changes to a different format from what I understand and the procedure is then focused on closing on the debt financing.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90607927

Hope this helps!

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