RE:Unpacking MLS' latest videoTherealcansojim
At 5:02 the 12.9 million funding is talked about...Steve said that they got the 12.9 million reinbursement funding which was pressed released..he did not say anything wrong there. It is up to investors to go look at the press release that says funding is conditional upon satisfying the expected terms:
From the press release 10 days ago (stockhouse site)
The term sheet is non binding, and the proposed contribution is subject to operational and financial conditions that have not yet been meet, approvals, and execution of a Contribution Agreement.
Absolutely nothing wrong with what Steve said. He did say it was pressed!!!! People need to do their due diligence!!!
September 8th 2023 news release talks about the "13 million Nova Scotia Capital Investment Tax Credit Program" (CITC)
This is a poorly written press release as to making it sound as though the company received approval they have not BUT Stephan say it is a similar reinbursrment to the current one.
"Similar" means as to how i take it reinbursements contingent upon government approval it doesnt matter to me what section and what not. Steve has talked generally about things he isnt going to spend 20 mins talking about specifics and legalities to which when asked later he said this lol
You go on and on about Environmental issues like the company has not been talking about and getting people to work with and on.
Towards the end of the posted video about 16:02 Steve says having funds is very important then the next thing he says having regulatory approvals is pretty important...
17:11 government funds condition on terms anything you can share with your investor base?
Hiring students air emmissions and water sampling progams (18:02 to 18:04)
Support from people in the province Nova Construction and Lindsay Construction (19:37)...lot of environmental groups "helping us today" (19:47)
Bottom line is either you believe what is being said or you dont. The proof will ultimately be in the pudding of whether the company executes on the regulatory approvals which have several components to them economic visbility, hiring people, environment safety measures etc. This company will not receive funding if it is assessed by the Province and Federal Governments to be environmentally "hazardous"
Now the company has 350 hectres of Crown Land and are developing it as a site. Tell me could the company occupy that space without having government approval for it. In that approval the company would have needrd to specify what it was for.
You have complained in a post that the Province of Nova Scotias Provincial Government was and is unfit to have made that decision and others as well but if they had consulted their team and decided to go ahead you disapprove and say that they are not qualified because you believe everything will be a mess and the community along with the government were not consulted. Either Stevphan is lying through his teeth or understandably you are concerned about the environmental impact it will have. News flash there is always a very similar and ongoing issue with the oil and gas sector yet we see what happens with that. People have the right to voice their concerns get in the way of the pipelines which while may see set backs and get stalled eventually get approved due to change of government or social and economical circumstances.
If you read through the companys news releases which you may or may not have the company has stated to be working with others to develop green hydrogen and cleaner propellant but like progressing from the early days of the industrial revolution of mostly coal powered energy it took time innovation and evoultion to move more and more away from coal to oil and gas and now to electricity. The point is every advancement and use of machines running on energy will have a detrimental impact on the Earth all one can do is mitigate it but by no means should we stop innovation because of the initial pollution being emitted. Nevertheless, yes have as strict but viable protocols and regulatory conditions in place to act responsibly. You are taking everything on a very idealistic and need i infer unrealustic level. You strike me as the person who will oppose something like the transmountain pipeline due to the inevitability that an oil leak will happen. Enbridge faced very stiff opposition and despite going above and beyond industry expectations sure enough there was a rupture but no matter what that will happen. So what stop oil and gas altogether??? Every energy source no matter how clean people want to presrnt it all as i have said earlier their detrimental impact on the Earth you cant avoid that but yes put as much controls in place that are reasonable and viable to allow for advancing science and innovation not kill it.
The bottom line is you will not be happy until they pull the plug on the space port this is very clear as night is night and day is day hence stating that the governmrnts are not informed enough to make the decisions which have been already made and those that may be in the future. Sorry to say government has been given the power by the rest if us to make decisions on our behalf and needs to act in the capacity to do so and every party will be looking for job creation and viability based on their experts recommendations and just because you dont like them you say they lack the capacity to make those decisions. Again you strike me as an idealist who will get in the way of progress and advancement and will oppose every single project put forth...oil and gas, mimimg, spaceports, and the list can go on.
Now when governments make their decisions and you dont like it all you can do is gather up those who you are speaking for and bring a civil suit against the governments and let the court decide. Your posts seem to be a scare tactic to dissuade people from putting money into this company but really we are sort of hand and glove to the whole investing process we are the secondary market and buying shares in companies but the primary market is the one to really focud on and raise your concerns witn them as well as the governments. Having said that every stock comes with risks such as what you are stating her misleading and over promoting information in which case if you are really concerned your best option is IROC and present your case to them as you have us. If IROC agrees that the information either written or stated is misleading or over promotion they will get the company to rephrsse and or revise things in ways that are not misleading or seen as ovrrpromoting.
Now i dont know what you are really trying to achieve with your posts here to be honest because whether or not people stop buying shared at retail the bigger place to target is what is called the primary matket everyone the company works with gets financing from governments etc as well as just mentioned IROC. Now as far as warning people to be careful on a business possibly less so environmental level perhaps people will listen perhaps not. Every stock carries risk one of which among other concerns are environmental it is in way more sectors than just this one but i get this is specifically important to you because you are dorectly affected by whatever pollution will occur and it will it is not otherwise possible to some extent or the other.
I will tend to ignore your posts as i have given you my homest opinion and that if you want to really make change like i said take all this up with the primary market and IROC as i am willing to bet the majority of people gambling on pennies know the risk and have accepted what comes of them but personally speaking thanks for all the warnings i see this as non different than oil and gas to be honest and unless there is grosd environmental negligence i dont see the spaceport being derailed but yes the company has to meet the Provincial and Federal Governments mimimum environmental regulatory conditions and if and when approved again your beef needs to be with them not us although i do desire for all companies to green their process. This company is claiming to be trying well the proof will be in the pudding over time. This stock is a high risk stock for all the reasons you raised and what i am responding to. Hopefully this company is environmentally responsible where not only it meets minimal approval standards but exceeds them if not initially then through knowledge and evolution over time very much how we had come out of the Industrial Revolution.