Hanks is playing investors like a finely tuned piano.
From the letter to shareholders:
"Status of CDU Phase 1(b) CDU Project Financing. In discussions this past week with our prospective lender, we have agreed to extend our term sheet to September 15, 2018 so we can maintain exclusivity and finalize the due diligence process and documentation. Our prospective lender is fully supportive of our Phase 1(a) approach to pre-build some of the facilities and to potentially reach early cash flow."
The timeline was May 31st - then June 30th - and now September 15th.
As several of us have stated - Hanks will never obtain financing.
I can see Hanks trying to dupe unsophisticated investors by throwing up storage tanks.
In a quick look - I found storage tanks that are very inexpensive - $3500 for a used tank that would serve as a prop for pumping.
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