RE:RE:RE:RE:RE:Option to buy refinery expires. - the GOVERNMENT MONEY IS NOT being DEPOSITED in FT's BANK ACCOUNT
- first, FT has to SPEND the money on "PERMITTED EXPENSES"
- second, they has to RECEIVE an OFFICIAL INVOICE for these expenses
- third, FT has to FULLY CLEAR and PAY the OFFICIAL INVOICE
- fourth, FT make a SUBMISSION to RECOVER these EXPENSES according to the SPECIFIC AGREEMENTS with the Canadian and US governments
* on CANADA side, 75% CASH REBATE up to C $ 7,500,000 in TOTAL GRANT MONEY
* on US side, 100% CASH REBATE up to USD 6,380,555 in TOTAL GRANT MONEY
- this is WHY it is VERY IMPORTANT for Fortune Minerals to HAVE SUFFICIENT CAPITAL RESOURCES to PAY OFF the PERMITTED EXPENSES in order to ACCESS the government GRANT MONEY
- LEASING TO OWN the JFSL property site is a MUCH BETTER PROPOSITION for FT as it ENABLES a FAR GREATER SHARE of the LIND LOAN MONEY to BE USED for WORKING CAPITAL PURPOSES
z173