We are very pleased to report that we have finally come to a complete agreement with the Labor Union and the labor strike was officially settled today!!!
Now that we have been able to make this huge step forward, please understand that there are several processes that we need to work through before we can actually get back to work. These processes will take some time as we continue to work with the Labor Ministry and all past Pillar Construction employees. During that process, we will also start to slowly mobilize our operations team as well as work to complete the conversion process for those few remaining clients.
Again, we wish to express our great appreciation to you all once again for your tremendous patience! We will be able to provide more details on our next Conference Call on Tuesday October 28 at 3:00 pm CST. We will be sure to send another reminder for that call the week before with all of the call in numbers. So thanks again and we look forward to getting back to work and making this beautiful project a long term success!
Note: This was hinted at in the September conference call since it would have to be settled before new money would come into the project. This is a great step forward, and good news for Red Frog investors!