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Since we are already into March, and ground breaking is scheduled to begin either this month or next as you stated, I would expect to already have seen an announcement confirming this action.
I don't see how any of this is my client's problem. Voyager is just one of several options they are considering for a signature ride for their theme park development. What happens in Las Vegas isn't their concern.
His inquiry was merely a fact finding conference call looking to gather information on terms, conditions and costs of the Voyager. VEII approached him unsolicited yesterday about putting up the $25 million so they can get Rio Las Vegas started. Thus far, as you have correctly stated, they remain firm in their conviction about NOT wanting additional investors. While they may have additional funding proposals on the table, which you again correctly stated that none of us has any direct knowledge of, the funding sources certainly are not budging off of their position either and are not likely to do so, IMO.
Again, the longer this drags on, the weaker VEII's leverage becomes. If this isn't a concern for VEII shareholders, then you are burying your head in the sand.
Good luck.
Regards,
Naz
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