Hey Beaner53 I read the piece in EXRO's monthly news latter about tax credits that are available for green technology companies. To me it sounds as though Exro will get up to a 30% tax credit on the capital cost of the equipment acquired to to manufacure our coil drivers. It also sounds as though we should be given credit on the cost of making the facility zero emissions.
I took a peek at the most recent quarterly report and saw that we have over $26 mm on the balance sheet in plant and equipment. Now, if my memory serves me well my take away from our last correspondence was that those funds may come back to the company in cash rather than in credits? A 30% rebate on the capital cost of our plant and equipment will be some real money, close to $8 mm.
I would recommend everyone read the piece. There's much in it to chat about constructively and learn rather than pointlessly debate a possible Nasdaq listing that may or may not come sooner or later. Also contained in recent Monthly Insights, that I would strongly recommend everyone reading particularly for those of you more technically inclined, is a three part series by Eric Hustedt's who essentially gives a tutorial on our technology. I went back and read them in order to hopefully have a better chance to understand. I think Hustedt's a genious. Just reading about the ongoing improvements to our technology gave me a good feeling that anyone trying to build a better mousetrap than ours has a lot to learn and a tough row to hoe to compete with EXRO.
Have a great day everyone.
thefourth