RE: Delay and enforceability of the financing and Maybe, but I think the enforceability issue is more complex than that. I assume and trust that we, the shareholders, are only waiting for the details and paper to confirm an already enforcible agreement, subject to existing escape clauses and conditions. At least, as a shareholder, that is the way I'm approaching this transaction.
Segusmundo; In my experience, that where a good lawyer comes in and I certainly hope that we have the best or at least equally sharp as the other parties invloves. Most of this stuff would in the end all be in the MOU or at least general outlines that we can fall back on, assuming that our lawyers did their job.
My beef about this deal as I've posted previously is the way Brian handled it. The amount of the upfront money for the initial signing was too little, the projected timeline to completion was over optimistic, being too eager to press ahead with on th eground work all th ewhile negotiations/DD were on-going, delays requiring interim financing that have caused further share dilution. All of these actions have left WOF with little to no leverage.