October 1, 2021: As a condition to the most recent waiver from KfW, Pala Investments Limited (“Pala”), the Company’s largest shareholder, will provide a new US$12 million loan to the Company pursuant to a promissory note entered into between Pala and the Company (the “Promissory Note”).
When Mike was CEO, he said monthly burn was $12m monthly.
Another sign even Pala is expecting a positive KFW.
On some of the potential "BK" comments was seeing.
When the Pala guy was CEO, not only did he not push for
that, but his company just loaned even more funds for interim KFW.
Glta!