RE:RE:RE:Martinrea flirting with Skeleton on a SuperBattery"NanoXplore and Martinrea agreed to extend their existing graphene commercial agreement by another 5 years to 10 years which reinforces the strong relationship between the two companies."
At this point, should Skeleton Technologies' trademarked graphene enhanced "SuperBattery" and Effenco's collaboration with Skeleton have absolutely nothing to do with NanoXplore and the VoltaXplore enterprise going forward, I wouldn't give to shakes of a lambs's tail about Martinrea International and it's wholly owned Effenco subsidiary company. Obviously Efffenco is destined for success.
My concern is would VoltaXplore be slated for success and where VoltaXplore's new co-owner is or co-owners are and when the capital funding is going to flow into both NanoXplore and VoltaXplore?
Sometime during this two month period, I'd guess.
So, that agreement is still in force for another 5 to 10 years.
"NanoXplore will seek to finance the battery gigafactory within VoltaXplore, without dilution to NanoXplore’s shareholders."
Absent a sale of at least 49.9% of VoltaXplore to another just shy of equally controlling equity owner, we know that $485 Million or so in required capital for the VoltaXplore project build is simply not going to waltz into VoltaXplore without any specifically negative impact to NanoXplore shareholders equity valuation.
Also, I find it somewhat disingenuous on the part of NanoXplore 's C-suite to even suggest "NanoXplore will seek to finance the battery gigafactory within VoltaXplore, without dilution to NanoXplore’s shareholders."
Let us not forget the 500 Million shelf prospectus which NanoXplore filed some time ago. Nor should we forget that $4.60 was the then discounted share price attached to the previous $30 Million bought deal financing
Martinrea International bailed out of VoltaXplore's 50% ownership
$505.767Million is NanoXplore's market cap at the moment and the VoltaXplore build is going to cost roughly $485 Million.
Perhaps some here don't understand what's being implied