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Message: Saudi

We are now just over 2 months past the Feb. 4 corporate presentation date when DM indicated this PP was still very much alive.  He went so far as to convey a message from the Sheikh and DM also suggested that the original proposed investment could increase in size. Given all that, I was quite optimistic that things would progress since backing out would entail a considerable loss of face, not only for DM but, since he is named, for the Sheikh as well. Culturally that doesn't fly well in the Arab world so I am still of the opinion that this deal will close.  Further, it's only been 2 months since Feb. 4 which isn't that much time. Legal and regulatory requirements can take time, especially in the current environment, so I wouldn't be giving this deal last rites just yet.  But, if we don't hear something by the end of this month then........????

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