Cline Mining Corporation T.CMK

Letter of intent

[Jcamp89]

From what I remember reading is that feb 28th is not exactly a deadline, so long as cline can produce a NON-BINDING letter of intent they have until April 30th to close the deal, so IMO so long as somebody shows a shred of interest in buying cline or its coal our feb 28th dead line can be stretched for 2 more months.

Jcamp

[shane117]

Writing up the paper work and getting the lawyers to close the deal is the easy part. Finding someone to want to buy is the hardest part.

[Jcamp89]

Yes so from what I understand if anyone shows the slightest interest in cline or the coal and start talking numbers, that should be enough to satisfy the "letter of intent" and than would have until April 30th to turn there talks into a completed deal.  Jcamp

[aatwal]

The time factor and interest from potential investors is fading day by day|!  Regardless of whoever takes over I think the only people remaining standing will be Stone, along with Haywood, and maybe Tobin....rest are kicked out.  If someone cleans house, the share price will reflect this positively....one thing weighing on the stock is current management very negatively IMO! 

[miner8740]

will tobin keep the pumps running what will happen to the ozzies who is paying the lease cost at port CC BONDHOLDER may start selling the assests next week after they take control another failed company