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Slojab

08/05/11 10:35 AM

#12317 RE: Z62 #12315

If you're referring to this statement......

Three additional Bulgarian projects currently under contract - the Grand Hotel Dimyat, the White Lagoon Resort Development and the 60 MW Solar Park - and the progressive Senior Community in China are still under review and consideration by several large-scale financing institutions. The Company will provide updates on any major developments with these projects as soon as they occur.

I beg to differ. The contract hinged on getting financing arranged by a certain date. That date has come and gone.

In the real world, when this happens, the contract must be revised or the deal can be cancelled.

The company just saying it's "currently under contract" means nothing. Has it been revised? Have they been given additional time to arrange financing?

Getting the answers to those questions is doing dd. Not just reading prs the company puts out.