Karen,
In the Due Diligence document it clearly goes through all of the legal parameters regarding the purchase of the land. SERY Company owns the land and IPI have purchased SERY Company. There are two parcels of land. Part 1 is the main resort land and part 2 which is the commercial section across the road. The share transfer for the main part has already been done and the second has been contracted and is going through official transfer in the courts currently. Therefore IPI already owns the land so I'm not sure what all these questions are about and we have all the documentation to prove this. Peter, as I assume that you are an agent re: your comments about your website, surely IPI has provided you with this documentation.
Tony Day
|