$VFF it say it very clearly in their own press release. Their is no mechanism in the contract allowing them to miss payments and set off said payment against a loan that is not due to be paid back until 2020. They will lose in court and they know it. “Emerald confirms that it did not pay $5.94 million to PSF in connection with the Delta 2 Option Agreement as it had previously notified PSF that it was setting off its $5.94 million payment against the $13 million PSF currently owes Emerald under a demand Promissory Note. As a result of this set-off, Emerald has completed its $5.94 million payment to PSF and, in turn, Village Farms has no right to attempt to make any additional equity contributions to PSF.”
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