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
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