Nov. 14 at 5:40 AM
$WYFI The most important sentence here from the CEO in the quarterly report:
"These counterparties are giant, so they have to go through their own board approvals."
The CEO is not blowing smoke up investors' asses when he says this. I can't imagine how this doesn't trade up to
$25+ once the news hits, or how can it be down tomorrow (but it can be) --
"Yeah. So we had a tsunami of interest from very high quality counterparties, counterparties you've heard of. We reduced it to two. They're now two who are competing extremely hard in finalizing this.
These agreements, by the way, require multiple steps. They include engineering work, commercial negotiations, internal approvals. These counterparties are giant, so they have to go through their own board approvals. So that naturally extended the timeline a little bit.
But we have very firm proposals in hand. I was expecting to sign one today, but now it's just a little bit of due diligence and confirmatory due diligence on both parties." 1/2
