Dr. Seymour said they are inspecting a facility for acquisition.
In reality, we've identified a building, had it inspected by a structural engineer and are awaiting some addition inspections before making the acquisition. This is the best candidate we've seen thus far.
I know how much you hate either or questions, but either they are awaiting some additional inspections before making the acquisition (as the CEO says) or they don't need a facility, just a plan (as you say). Which is it?