“That is the most ridiculous thing I've heard on this board in a long time. What would the company have to gain by delaying anything related to LC at this point in time that would make any sense at all”

Why would we agree to JV with CRRC without any assurance of the Environmental Permit? Why would you give away 2/3 of the company for nothing? Lets assume that KRY agrees to JV with CRRC now with a clause stating that JV is void within a year if CRRC is unable to secure the environmental permit. What happens to our arbitration rights?

CRRC would love to get this JV finalized because they don't have much to lose. Few million dollar is a pocket change to CRRC... KRY on the other hand, has too much to lose if CRRC is unable to secure the needed permit.