RE:RE:RE:RE:RE:RE:RE:NOV needs pre plant financingRather than post more speculation, I hope you’ll all bear with me as I return to may original list of milestones the company must reach to monetize their technology:
- Find and disclose a suitable location for plant - Done
- Confirm community support - Done
- Confirm local government support - Done
- Clear environmental obstacles if there are any (agencies, lobbies, etc)
- Procure financing to build plant (combination of govt, private placement, loans)
- Limit dilution due to financing (loans, grants, private placement at a much higher price)
- Line up supply contracts for catalytic converters at a price that is beneficial to the company
- Line up buyers for output
- Set up licensing agreements with companies that want to build their own plants (investors will want to see what they mean in terms of $$$ and actual money being transferred to NOV).
- Institutional coverage will add more support to the story as well.
As pointed out above, items 1, 2 and 3 are complete. I believe that none of those things have changed. I don’t have anything conclusive on item 4, if anyone can help here, I’d appreciate it.
That leaves us item #5 financing. From their blog and news releases, I’m lead to believe that they are fairly far along the path to getting financing. They want to get construction started in September, so they should have already ordered the long lead time components well in advance.
I have to agree with whoever posted earlier today that once the financing is done, we’ll see a rebound in the share price. I’d like to add that once financing is completed, items 6, 7 and 8 fall into place and confidence from shareholders is restored.
With 8 working days left in September, they may still be able to pull off a miracle, but I’m keeping a close eye on events.
Thanks for your time,
GB1