Ummmmm.
"The Company had until November 11, 2022 to close the transactions including paying the remainder of the purchase price. This did not happen, and the Company is in negotiations to finance this with a bank of which the Gray Family has verbally said they would honor. Closing of the transactions are subject to the validity of the verbal commitment and obtaining financing, all surveys and finalizing master plans for the kick-off the Company’s “Smart City” project."
Let me highlight it for you:
"The Company had until November 11, 2022 to close the transactions including paying the remainder of the purchase price." They only put 10k down...
"This did not happen"
"Subject to the validity"
"Verbal authorization"
"Obtaining financing"
"All surveys"