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ChillinZX

07/20/19 4:20 PM

#30282 RE: fahrenheitjules #30264

Problem there is they have both openly admitted satisfaction with each other at the time the LOI was introduced, I'm pretty sure the LOI was a copy and paste job being used as a template, and being a template it has words like "60 days", "satisfaction", "declare", and other stuff in it. It is true LAHO pays for all the fees, which is why we have seen dilution and it's behind us, but if GSCG backs out GSCG pays a $500,000 fine to LAHO. If LAHO is somehow unsatisfied and backs out, it must be done no later then Monday and the LOI would be rendered invalid but no additional fines since LAHO is the one who initiated the LOI, they are the ones who could also terminate it.