Replies to post #10109 on Maptelligent Inc (MAPT)

[just Scottie]

Yes from the financials of URAL : URAL owns the X Train, the first luxury train service from Los Angeles to Las Vegas. The company believes that it will have secured the necessary rights, equipment and facilities required to commence commercial service in late 2020 for the LA to LV route. These items include: securing a regularly scheduled train agreement from Amtrak to operate its excursion service on a weekly basis beginning with one round trip train per week and increasing to six round trips per week over the next several years as demand dictates. In addition, URAL has signed an LOI with the Rio Hotel on the Las Vegas strip to construct a state-of-the art station for the X Train. www.vegasxtrain.com

But that’s as good as a handshake, LOI’S fall through all the time. This won’t move till AMTRAK itself issues a PR saying they have a deal locked in place with Barron.