The potential loss for Tyhee is more than 2 million dollars if Tyhee has to pay the breakup fee and if Santa Fe fails to repay the debt. The potential loss for Santa Fe could end up being a lot more. The Tyhee board or the financial backers obviously thought that the lawsuit could potentially cost us substantially more than 2 million dollars and in this situation calling of the marriage was the right thing to do. A failed marriage always hurts but sometimes it makes sense to cut the losses and run.

Tyhee attempted to make a quantum leap with an extremely good payout if it had succeeded. Tyhee would almost overnight become a producer with a positive cashflow. It was a fantastic deal and I am happy that they tried to make it even if it ends up costing us.

(The 2 million figure = Loan 1.75 million + breakup fee 0,3 million + - interest on both loan and breakup fee. Legal fees not included. )