RE: The 15 Business Days https://beforeitsnews.com/financial-markets/2013/01/grandich-client-alderon-iron-ore-3-3-2489458.html
"Remaining $120 Million Initial Investment From Hebei
According to Tayfun, Hebei will have the final FS report in hand no later than January 31, which is the deadline set out in the agreement between Alderon and Hebei. Within 15 business days of Hebei receiving the FS report that meets certain criteria, Hebei will contribute the remaining $119.9 million of their initial investment and Alderon will contribute the Kami Project and relevant properties to the newly formed limited partnership which is owned 25% by Hebei and 75% by Alderon. This means that by the end of February, Alderon will receive the remaining $119.9 million from Hebei. Since I can already confirm, based on discussions with management, that the FS does in fact meet all of Hebei’s criteria, the only thing I can see delaying Hebei from contributing the remaining $120 million by a few weeks is the Chinese New Year, which of course begins on February 10th and lasts for two weeks. Nothing in this industry is ever easy…."
ADV will get the money for sure; but there is a possibility of receiving the money little over 15 days; and there is no problem with that. But, please dont/never expect for 100% accuracy/perfect; and nothing is perfect; and no offense about your expectation. If you or many other people expects the $120 mill funding will or have to be given by 15 days; but if there is little delay take place then all the people who are expecting in 15 days will b very disappointed and will panic on the stock; and high possibility of selling all their stocks (human nature). But then ADV receives the money, ex: 2-weeks later, then people who sold the share will regret & and will be very upset/sad..etc. So please expect (+/-) few days delay. Also by law; Hebei can & has the right to extend the deadline by submiting paper by their lawyears. From my point of view, being realistic is the best for all type of condition. Good luck & wish u the best.
*** People with full of B.S. & non-realistic people, who are writing B.S./useless/meaning-less stuff about ADV, then S*** the F*** up. U guys r always good and busy talking useless and meaning less S***; which does not make any sence. B 4 u write anything against true info. about ADV; first find something true that will support/proove your point.