RE: Tulgalagatai Sale/Purchase Agreement
Geezer321, thanks for putting the info up. I thought when PCY backed out, it was just the matter of not receiving the money and if funds were already transferred to PCY, they simply returned them.
Waterton wanting $3.5 million in escrow and 2 million in shares plus PCY pledging further security is too much. Waterton probably did some paper work to approve the loan, but $3.5 million plus 2 million shares and other problems are not what we need. We need both cash and less share dilution.
As for Tethys. I understand that we have good relations with them and hope that it continues.