The cane farmers say that the PM encouraged their initiative, while pointing out the many issues that need to be addressed in submitting a viable proposal.

The farmers say that they have a Technical Advisory Team led by David Gibson which will finalize the technical specifications, restructuring, and financing requirements, and a debt repayment scheme for the project.

And when it comes together with financiers, the proposal will be presented to the BSI Board of Directors, and to the Directors of the BSI Employees Holding Ltd. which represents the factory and staff employees who own 81% of the shares of BSI and who will ultimately decide on which group will take over majority control of BSI's operations.

Sounds good right? Well, not to the BSI Management. First of all, their financial arranger is not releasing any information to the Cane Farmers technical group until they review the track record of the CV's of that team.

Secondly, BSI says that the cane farmers' financial consultants, SL Sterling, is not a bank but a small firm of legal and audit consultants and American Funds, SA, is actually a commercial mortgage brokerage and consulting firm, and also it's not a bank. BSI claims that these two companies would, in turn, need to raise the required funds from the other sources.