Dangriff,
Who said a new lender is involved presently in closing the Lorton deal? I didn't. There are other options. That's why I said ECSL has failed to communicate material information to investors.
And yes ECSL blaming lender for dragging feet to close the deal so as you can see in the filing, they are pending closing via other financing arrangements and ECSL is cancelling the shares the lender would have gotten to close.
I can't tell you how many times I have been asked if I thought Lorton would cut and run from this deal. First I understand there is a definitive agreement in place. Don't know the terms .... cause ECSL has failed to provide them ...... but surely should be penalties if deal fails. Second I rarely agree with the shady one but 4 million shares of ECSL plus the cash to close ..... on the Lorton deal ONLY ..... has opportunity to return much more .... than were another buyer to come in and offer cash. And Lorton wouldn't get 4 million shares of a major petroleum company. They wouldn't get anything but petty cash. While I don't agree with the shady one that ECSL will run off to untold heights .... I do believe as most everyone here and owning the stock ...... that ECSL stock should increase in value post closing and closing agreements that support the development of the proposed terminal.
One thing continues very clear, Mills ain't the guy to lead this company forward. Should have already resigned and been replaced by credible executive.
You also mentioned Nasdaq. LOL. As I said many times previous ..... Ain't happening any time soon .....
Amigo Mike
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