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Hopefully, when everything is done, it'll be considered quite a bit better than reasonable. In addition to the $2.0MM cash we should receive next week, the following are included in the deal:
- at least another $1.5MM cash during January - no further EPCSC expenditures, except for my staff; i.e., GTB assumes all outstanding purchase commitments - follow-on profitable work consulting for the replacement contractor and/or GTB (scope & rates still to be negotiated) - a project profit of close to $4MM, about as much as we would have made if the contract were completed, but with no further project risk I obviously didn't include these items in the report due to the wide distribution. Have a great holiday. Jerry -----Original Message----- From: Hayslett, Rod Sent: Saturday, December 22, 2001 12:16 PM To: Martin, Jerry D. Subject: Re: GTB Payment status This sounds like a reasonable result. Rod Hayslett Office 713-853-6178 Cell 713-201-6135 -------------------------- Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)
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