RE: RE: PP filled Raptor7, I hear you regarding the four month hold. If Woulfe knew the IMC deal was about to crumble, but required this four month hold, a lot of law suits would follow regarding the PP purchasers. I believe the four month hold is evidence pointing to the offtake being in good shape. That said, I also wondered if that requirement was in place on the first day the PP's were sold, because it did seem like on that first day, some smart investor bought a lot of the PP at $.20 and that same day sold them at $.19, having the net result of getting the warrants for $.01 each. I suspect the four month hold was put in place shortly thereafter to close that loophole (and avoid such massive selling on the public market lowering the s/p).
Perhaps some news will still come out this week (re PPs and/or the offtake), but it could just as easily come the following week just after the long weekend. I wondered if some of the delay time might be made up with having IMC advance the $30M sooner that 60 days after the offtake is firmed up. If I had been negotiating on behalf of Woulfe, and IMC was asking for an extension, I would want something in return, such as shortening the 60 days or changing the terms of the initial $5M loan paid so as to make part of the debt forfeited if IMC backed out. Simply put, something is cooking, and we will all know soon enough-- we have placed trust in management to do the right thing and time will tell if our trust was well founded. I think it is. Still, I hope some news is forthcoming, because trust and confidence is a fickle thing in the world of penny stock and shareholders have had their patience sufficiently tested.