RE:RE:Annual F/S are out
The Financials say if the Concord Green deal doesn't go down and the Company is unable to find another entity to fund operations then the Company would be considered insolvent./ ... The Company has to put itself up for sale to the highest bidder, not to find another entity for funding. The value of Skookum and Brandywine must be independently evaluated. I see in the Financials that there is now no long term debt. One would expect arms length AMORTIZATION considering that BC Hydro coughs up predictable long term agreements. The Financials also cough up doom and gloom that BC Hydro is closing the door to ROR projects in general because BC doesn't need all the power now..... however, Powerex is a subsidiary of BC Hydro which sells BCs surplus Energy. Surely British Columbia would not be so ignorant to let perfectly good Green energy go down the drain.