And you know...
ACLY might not succeed with this Russian venture, either now or later. So many real risks. And this offer from ACLY is heavily dependent on the Russian venture succeeding. It may well explain why the cash is promised in 14 months and not now. If the venture does not succeed, ACLY stock will be below its current $0.15/sh price AND there won't be any cash for PGPM. PGPM's other 20% (10%?) holdings of ACLY will be similarly devalued.
But the stockholders of PGPM, of course, want PGPM to succeed.
PGPM needs an income stream. PGPM, according to O'Bryant, couldn't even get back the lease properties, if able to, unless ACLY corrects their condition.
ACLY broke the terms of the asset acquisition (they didn't pay!), so PGPM is entitled to all the properties back. So, why not counteroffer that PGPM needs to get back a few of the lease properties, now, in appropriate condition at ACLY's expense and fully ready for the technology to make them productive. Cherry-pick the ones O'Bryant thinks he can make the most profitable. That way, PGPM can have a future, albeit smaller, irrespective of the success or failure of this Russian gamble. PGPM is holding some trump cards, but only now in the pre-financing stage. PGPM needs to play the hand it has now.
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