In the presentation it was also mentioned that it is very close to announcing the major partner. So another huge milestone. It will be interesting to see from what area this comes from whether it’s oil and gas or chemicals or auto industry or others.
They keep saying debt to equity will be 65 to 35 The money is coming from free money, government guarantee money with an interest rate applied lower perhaps, private bank and equity partners so to me it is a little unclear what the final mix will end up at
VUL Price at posting:
$5.33 Sentiment: Buy Disclosure: Held
