Finally, we got an update...
Lloyd is our managing partner who is our best contact with Lou from Metro Connect (MC).
This is a copy/paste from an email today December 1, 2021.
MC had a company meeting yesterday.
Our situation was one of the topics. They have a very expensive attorney in charge of putting together an offer that is legal and financial people who are actually doing the work.
They also know that it has to work for us, it has to work for them and it cannot raise any red flags for the institutional investors that they are talking to about a cash infusion.
It is not complete yet. Barring complications, it is very close.
Business wise, they are seeing quite a few contracts in the holding/storm pond area. They also have hardware in their facility from one of the leading manufacturers of PLC’s. When they are communicating with the MC system, that company will be selling their PLC with the MC system as a package.
They are talking to multiple institutional investors. They will get money from one or more of them for a minority position in the company. He expects this to happen during the first half of 2022.
We're not sure if we'll have another update til after the first of the year, but if something comes up I'll send it right out.
George & all the other Managing Partners
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