RE:RE:RE:RE:TEI cash on hands can pay the 1.7M$ I3e need for the debtThe bigger picture for now is only a smoke screen.
I3e can not put TEI in BK because the last installment of 1.7M$ to buy the debt of 28.8M$ is not done yet. The I3e intention is to use the TEI cash on hands to do the last paiement of 1.7M$.
The contract between I3e and the TEI lenders who are owning the 28.8M$ until the last paiement is unknow by us.
The TEI lenders will never autorised TEI to send the cash to I3e, if the last paiement of 1.7M$ is not done.
It is for the same reason I3e has to wave the debt and interest paiement.
I3e is not yet the owner of TEI 28.8M$ debt.
A vote NO, will pushed I3e to increased his offer and I3e will increased his offer.
If not bye bye TEI, bye bye Canadian expension, bye bye TEI officers and directors