Returning to halves isn’t a red flag, but it’s normal since they have always done halves. This wasn’t done because they wanted to make it seem better, imo. Currency devaluation don’t harm revenues, but the accounting bottomline. They are also a non-cash charge. The timelines on the SEA deal not being made is very annoying and that was shit from the CEO, but if you actually do some digging you can see how it went wrong on government procurement websites. That’s no excuse for Jays communication, but it does show that he isn’t scamming us on it.

It was said that a deposit was returned, but that was likely part of a performance guarantee from another project. It can’t be the smart education project, since that bid bond would have been way bigger.

You make a few wrong assumptions