Corruption is big business down there and is the biggest factor in what we are facing with our situation at present imo.
Don...I have no doubt that that is an absolutely true statement. The corrupt status quo has been bubbling along quite nicely all these years. However....time is no longer on the side of those who would like to maintain the status quo. An exposure to billions of dollars in arbitration is orders of magnitude larger monetarily than the profits being made by maintaining the corrupt status quo. The rock is being raised and all of the snakes are exposed and slithering into the grass. Politically speaking, one could make the same argument. The small time parochial politics that have kept the corrupt status quo in place are being eclipsed by politics on an international level where, indeed, El Piggo is struggling for his own survival.
In my book it all boils down to one thing. Is management telling us the truth when they say they have been working on "a process" superior to arbitration (in terms of unlocking shareholder value) and that financing is not an issue? There is no doubt that we will have a clearer definition of where we stand on or before the release of the next quarterly report (within approximately 1.5 months). Since the last official word from management was that we had enough money to fund operations thru the end of the first quarter....I suspect that they will have to clarify our present situation with respect to funding operations going forward. It should be interesting to say the least.
