RE:RE:The clean energy solutions in need The market reaction today suggests that it was blindsided by this financing as the co. said as recently as Sept 15 Wainwright presentation that it was fully funded to produce the prototype. I'm thinking more money is required to do the prototype but not all the $7 million raised so that's how the co. can spin it that proceeds are for demo units. Judging by the pictures of these units they might cost 1 or 2 million dollars each.
https://www.emergingmarketsllc.com/files/nhhhf/nhhhf-fact-sheet.pdf
Fibb22 wrote:
From the PR:
The net proceeds of the private placement will be used by the Company to increase the number of available FuelPositive carbon-free ammonia systems to deploy into high profile demonstration projects throughout 2022