RE:Going it alone?Hello ridethewinners
Going it alone means NanoXplore C-suite needs to be able to raise $250 Million in addition to any capital investments which would be forthcoming from either the Quebec provincial government funded entities and/or the Canadian Federal Government funded entities collectively - and we don't yet know that such capital funding is assured in any truly "bankable" way.
Also, the last time I looked NanoXplore had a market cap of $569.873 Million.
Whichever way you want to slice it, whether convertible debt with a attached "forced redemption clause", senior secured class equities etc., NanoXplore would need to come up with the additional $250M of capital to project completion, this in addition to being able to service the accruing interest payable with cash flow from operations or by way of regular issuances of NanoXplore common share equity in lieu of the payable cash interest installments.
We understand that "going it alone" would likely mean just under 50% dilution for existing NanoXplore shareholders and a over leveraging of the entire company, lock, stock and barrel. I believe I would be echoing what Mr. Nazarpour had previously suggested when stating that's something which is not ever going to happening.
We also understand that "going it alone" is hardly the responsible nor the most immediately profitable way of necessarily greatly bolstering the NanoXplore balance sheet and entirely de-risking the entire VoltaXplore downstream "investment" enterprise and consequentially entirely de-risking the 2GWh manufacturing facility build to completion and full scale all out operation.
To be continued