worst case 3c per share cash best case cadlao , page-38

Referring to the Ann 11 May 2012, on 28 March Rasama ( old name Peak) issued notice outlining it's funding sources for Cadloa project.

Blade sort of accepted it, but reserved the right to ... Some Latin word (including termination). 6 weeks passes and they terminate.

blade only had to wait until 26 June (another 6 weeks) for Raisama to gain finance and there would be no need for any legal issue.

Anyway you would think that if Raisamas notice on 28 March was simply not acceptable, they would have just said that within the first few weeks, rather than waiting 6 weeks. Also note all correspondence between Raisama and Blade seem to go under the same "reserve the right (Latin word) this has happened door years. so Blade response in early May was not anything out of the normal. They did not draw greater than normal attention to the " reserve the right .." clause.

Basically Blade became opportunists upon finding a new financial partner.

Blade would not reveal who the new financier was even when asked in the Supreme Court.