Post by
Bojueningbo on Dec 15, 2022 10:09am
Looks Good but hidden message
The government support looks good, but $300,000 is a paltry sum. It certainly is better than the Manitoba government turning them down.
Does the company really need the $300,000? Also in reading the news release it would appear that we are being set up for a massive delay in the project. They will test for a year! Does this mean that it will be a year before the Hiebert family actually buys a unit. We don't know the nature of the agreement with the Hiebert family, but it does not look like it is a firm order. And does this mean than anyone else will only buy the unit afer one year of demonstation under winter and summer operating conditions. This would mean, if successful, there will no sales of units until the 2025 growing season, ie. 2024 late fall application. By that time, can the company finance itself, because without a stock price increase to force exercise of warrants, or new equity, this company will run out of cash again.
Comment by
Meimar1 on Dec 15, 2022 3:02pm
this is how we know it from the company, its leader and the lemmings like FD, Fibb etc.