ReGen III Corp. V.GIII

BP has option to withdraw from Offtake by end of year

[Schoener]

BP has the contractual option to withdraw from the offtake agreement by end of year if no financing has been closed for the USGC facility in Texas.

If Cormark has the most updated information, that financing is only expected to close by end of Q1 next year.

Johann Schoener

[Marphine]

Lol you sold way too soon boy. This stock is going to 10$ in the next 12-18 months and you probably know it :-) Read the Cormark report again, very well this time, and you will find out that Cormark too, is really enthousiast about the near future for GIII

[TrickyNicky]

Obviously this is being amended in the background. ReGen wouldn't openly tell Cormark they are going to miss a key milestone that will terminate the deal and have the news be released to shareholders in a coverage imitation.

[Schoener]

An amendment to the BP Offtake agreement is considered to be material information by the TSX with obligation to disclose in public. I have not seen a PR in this respect, do you ?

[TrickyNicky]

I bet you next news release will show these two are getting closer, not further apart. $3/sh by end of year

[lscfa]

Ever hear of contract extensions, dumbass?

[Schoener]

Ever heard of lease and contract terminations ?

[lscfa]

Not a chance. BP wants this oil badly. That's why it wants first right of refusal on additional plants. "The BP Offtake Agreement also provides BP with a right of first look to purchase (i) the offtake on any future facilities that will produce similar products; and (ii) the ability to purchase new products made by the Corporation."  

[Schoener]

If BP wants those base oils so badly , why don't they offer equity financing through BP Ventures ? In combination with EDC that financing would have been covered and cloed by now ...

[lscfa]

Basher idiot Schoener repeating himself.   See thread from October 22