"I know people would be suggesting if we don't hurry along and get Ga1 working before the incentives agreement date expires we will be $25mill, worst off.."
That would be me . I still think its the case that EDE will have a CR within the next few months now that the plant is operational. I believe that American Investor presentation is prepared for the corporate advisor who I think manages funds for a number of wealthy clients. So there would be dilution, but on the other hand the bank balance will be strenghthened and they can continue with plans for Ga1 without over-commiting themselves. My view is that it would be the last equity raising, and after that funding would come from revenues and debt. Some debt is actually desirable from a tax point of view if its being used for expansion and growth providing sufficient revenues are available to service it.
. I still think its the case that EDE will have a CR within the next few months now that the plant is operational. I believe that American Investor presentation is prepared for the corporate advisor who I think manages funds for a number of wealthy clients. So there would be dilution, but on the other hand the bank balance will be strenghthened and they can continue with plans for Ga1 without over-commiting themselves. My view is that it would be the last equity raising, and after that funding would come from revenues and debt. Some debt is actually desirable from a tax point of view if its being used for expansion and growth providing sufficient revenues are available to service it.
(20min delay)
