I've been struggling with the idea that if we were simply waiting for the mail outs to be ready it should have been done already. I went back through a lot of posts and have some new thoughts on the delay.

The initial time line of July 31st didn't include having the permit or MOC transferred. The vote would be based on the A&F Agreement and if Crrc/CREC didn't get the permit then the deal was off.

Once the July 31st date passed by Kry made a new time line of closing in the 4th quarter. This could be all the way to the end of December. I believe they did this to avoid another missed date and to bring a more complete deal to the share holders to vote on.

I believe that the material that would have been sent out with the July 31st time line is complete but Kry is now taking the larger window of 4th quarter to delay sending out the information until the whole deal is complete including the permit guarantee.

In my opinion the A&F Agreement is done and we are waiting for the finishing touches for a quick close once the vote is done. Nothing else makes sense to me if RM is telling the truth and there are no issues between Crrc/CREC and Kry.