My understanding:
3 steps exist.
1. A&F Agreement
2. Shareholder vote
3. Closing (permit included)
A&F Agreement
Consists of the following covenants (section 3 Primary Binding Agreement)
Note Facility Agreement
Updated Cost Report (confidential)
A Construction Guarantee
A Joint Venture Agreement
Voting Rights Agreement
Equity Participation Agreement
Primarily, under section 2 (a) Acquisition and Funding Agreement states either an unicorporated joint venture will be setup or a joint venture company (jv subco)
Questions: Are the convenant documents complete? Has the decision been made regarding the unincorporated joint venture or jv subco?
From what I garnered from posts here, the jv subco is the direction decided and the setup of said company is the delay.
In the recent filing the term A&F Agreement doesn't exist as far as I could find.