34th, you are doing it again. Stop panicking and let Peter and Saha do there job. We only know one side of the story, and, only a partial one at that. The only information we have is they are having doubts about PVEC as a business partner. In all honesty, don't we all? Isn't that why we check these boards for some crumb of confidence booster? This decision that the Port is making is huge for them. Aligning with a questionable company could get their reputations sullied. So, they are going to err on the side of cautiousness. It is only logical.

Now, I am sure Peter and Saha saw this as a possibility and have a contingency plan ready. Remember, they just have doubts. Doubts can be remedied. In all likelihood, Peter was probably supposed to provide financing information this week to the board (and to us) and was unable to get all of the paper work aligned on time. This is probably an upstream hickup in the financing as Peter needs to make sure the financier is comfortable in the endeavor.

It should be noted, however, had Peter taken the effort to make this company a fully SEC reporting company, financing would be a lot easier to get. As it is, not having audited financials is probably a huge burden that is very difficult to overcome with the banks.

If I were Peter, the second priority, after establishing cashflow/profitability, is becoming a fully reporting company with the SEC.

JMHO.

DSUS -