Ann: US$52M Term Sheet Signed for New York Battery Plant, page-10

Well they bought the battery plant equipment for US$5m. Makes sense that somebody will jump in with a debt offering of $US52m at a nearly risk free interest rate obviously, and with no important terms and conditions of note at all. Can I mortgage my house to lend to them - it sounds like such a great deal!!!


I suspect a bit of cogitation as to the merits of the deal from the other side's perspective is in order. Then again - maybe they are greenies who are not very smart, with tens of millions of dollars at their disposal.

If somebody can point out why I am wrong to be questioning the deal, I would like to hear why.

All IMO