Hi all
have anyone had thoughts of this, I believe the option kick in around $20m sales or so much profit. What has recesently changed, is it the profit side or the sales side that has kicked in.?
Of the contract I know there was about $5m on the canal project, $1.3m on some small projects and about $7m on the first wetlands project, there's about another $7m on the second wetlands project., if we are looking at the profit side to kicking in the options the second wetlands wouldn't count yet as not completed so don't know the profit from that yet, has the first 3 projects kicked in the profit side? , i wouldn't think so.
That then leaves the sales side of things to have kicked in to grant the options, is it on completed jobs, probably not as the first 3 jobs would add up , on the "sign contracts" side of things the canal and 2 wetlands was released quiet a while ago, why didn't the options kick in then? Has something else just resently been signed to kick in the options ?
As we don't have all the details all we can do is guest. Maybe more details coming soon, we know they have been advertising for more workers and in different regions in china than the current projects are, has the company got another contact in this new region that has kicked in the options?
Thanks
mickem
(20min delay)
