Dear Pip,
You would not make a detective at all. To many years chasing numbers, I guess. Okay, I will lay it out for you and see what you think. Here is what I see in the PR and video. Before that PR and video Ucore was borrowing 3.5 Million to do upfront engineering on a SMC that they would have to borrow more money to buy land and build the building to put it in before they build the SMC. You with me so far, Pip. After the PR and Video that is all changed. What we have here is a build to suit lease, Pip. You every been driving down the road and see a sign on a commerial piece of land with a sign on it that said, "build to suit"? The land holder is willing to build a building for a long term lease. By hooking up with SE Conf. Ucore is no longer putting up a building, instead they are a long-term lease holder in the FED funded Southeast Conference resource center. Ucore does NOT have to borrow AIDEA money to buy land and build the building. How much money would that save. Pip? Now the other half of this deal is that the FED money is not from DOD and the BS from congress to get it. But from the commerce department for funding new bussinesses in the form of grants, not loans. So by pushing back the SMC timeline Ucore gets to build the SMC in a new FED funded building with at least a 50/50 chance that they would build it with FED grant money instead of Alaska state AIDEA loans. Of course Ucore would still has the AIDEA loan money for what the grant money does not cover. That is what I see Pip. Please, feel free to pick it apart.
Dragon