Great summation. Thank you.

I was told by the office that these matters would be resolved shortly. I understood that to mean this week. Maybe I understood too soon, but it won't be long.

JohnD keeps going on about the 55%. Everyone knows (its in the contract and quite normal) that UC must invest more $ to earn the 55%. The amount is insignificant. Every other joint venture in McFaulds has the same type of arrangement. This is normal, normal, normal and nothing to be concerned about. It is actually an exit clause for UC to take if they decide that it is not worth continuing in the partnership. It is UC's decision... no one else's. This is not a point for negotiation. It's a done deal.

The undecided issue, as you mentioned is, how much are the other guy (specifically I believe KWR) is going to chip in NOW to get the job done as quickly as possible!

BK