Yabacoa, this sales process and the inability of m Maybe they are clinging to prolonging this process because they know they'll never find work again given their ability to deliver against self-imposed timelines...
good grief.
August 7, 2012 press release indicated sales process would take 18 weeks. Someone do the math for me... I think it's been more than 18 weeks. I would hope that they can walk and chew gum at the same time - heck, their advisors are supposed to be running the sales process so what gives?
https://www.westernwindenergy.com/s/News_Releases.asp?ReportID=540810&_Type=News-Releases&_Title=Western-Wind-Says-Dissident-Board-Led-by-Savitr-Capital-If-Elected-Will-Cos...
October 23, 2011
"Western Wind Energy is pleased that all the necessary legal teams have been engaged to complete and close the project financing facilities for the 30 MW Yabucoa Solar Project in Puerto Rico ("Yabucoa"), before the December 31st year end. Yabucoa will add $148 Million to Western Wind's balance sheet and increase our production capacity to 195 MW."
https://www.westernwindenergy.com/s/News_Releases.asp?ReportID=486459&_Type=News-Releases&_Title=Western-Wind-Energy-Valuation-Update