RE:RE:RE:RE:RE:Some Needed History Regarding the XG Sciences BuyoutAccording to Marvin J. Wolff, the purchase price was ~C $4 Million.
I was told I would have to wait for the quarterly financials and accompanying information to be released in order to have the purchase price for the XG Sciences assets revealed.
I will say that not knowing any of the particulars of the deal at the time, due to my simply only having read merely the company's news headline, I threw out a "back of the napkin" potential purchase price of $17M to $23M, on the low side of a guesstimate.
The fact that "GRA's cash level remains strong at $50M after this acquisition", does have me breathing a sigh of relief Lire02
However, I remain a wee bit skepitcal, this due to such a low purchase price for the XG Sciences assets in question, amongst other as yet unanswered questions I have.
There is something obviously missing and not being thoroughly explained here.
For example, the XG Sciences intellectual properties alone would typically be valued at much more than a mere $4 Million and XG Sciences' technology
had "been vetted in a fair number of ways by folks who put their money on the table”, "folks" such as: | Hanwha Chemical | | $3 million |
| 2010 | | ASC-XGS, LLC | | $1.6 million |
| 2011 | | POSCO | | $4 million |
| 2011 | | Cabot Corp | | $4 million license agreement |
| 2014 | | Samsung Ventures | | $3 million |
| 2014 | | POSCO pre-emptive rights | | $1.2 million |
| 2014/15 | | Aspen/XGS II | | $10 million + $1 million lease |
| 2015 | | Series B | | $4.3 million |
| 2016 | | Dow Chemical | | $10 million senior credit facility |
Aspen/XGS II, Michael Knox and Samsung Ventures are discribed as creditors of XG Sciences and we know that DuPont/Dow Chemical holds the $10M senior secured XG Sciences "note", which makes DuPont a previously known XG Sciences "creditor".
Please someone try to tell me that the XG Sciences creditors, such as Samsung, DuPont/Dow Chemical, are not truly interested in the fact that NanoXplore, a graphene-Si anode battery materials developer and graphene comprised battery cells manufacturer, is about to enter the graphene-Si anode battery materials manufacturing industry, with a initial 200tpa manufacturing capacity during 2023.