Ivanhoe Capital Acquisition Corp. Warrants each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per... IVAN

Repeat Offender

[Oregonduck]

Friedland, who had controlled Galactic Resources, filed for bankruptcy in the US around 1993. As with Ivanhoe Energy, there is an old saying in aviation, " The reasons the plane gets into trouble, are the reasons it can't get out of it." Here are the reasons : (1) The collapse in oil (2) The accumulated losses of some $570 million (3) The Proof of Concept for the HTL process isn't feasible on a large scale & failed to garner customers (4) No revenue generated so far to service the $73 million in debts owed to the debenture holders. and (5) The cancellation of oil leases by Ecuador.