re: Ann: OXX: Proposed Merger with Peak/Under... the notice also says Cadlao now expected 2Q15.
In other words, there is NO Cadco movement on the project, there is NO funding, and therefore there will be NO settlement.
In fact, I'd reckon the Cadlao license will expire/ be rebroked just like Bonita was and for the same reasons.
Albers must want SBA badly to be still pursuing PKO.