RE:Follow the MoneySo the answer is....NO. You DO NOT have a link to back up your statement about the 4 million PP and the loan being done / cash in the bank. I figured that would be the case.
I'll give you a hint as to why Cannaccord and Eight Capital are in on this. It is to cover their A$$'s on a Debenture Style Financing they were involved with that closed January 2018. They moved clients into this thing and these clients are now at risk of having SEV default on the interest payments on these Debentures. Note: As stated in the June 17th release SEV will be using some of the money raised to cover interest payments. Canaccord and Eight Capital are only trying to buy their clients more interest payments and save themselves more client Ire.
I will ask you a question: If SEV really has so many partners that absolutely need SEV's technology and SEV is on the financial ropes, then why wouldn't one or all of these partnters just buy SEV? Currently its market cap is $10million CAD plus Debenture Debt. throw in a little extra and Tencent or whomever could own this for $30 million CAD right now. It is not as if $30 million CAD is too much for any of these companies assuming SEV's technology is paramount to their future DC plans.