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clock Created with Sketch. 10/11/17
10:53
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Originally posted by moosey
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Part of today's presentationto purchase GEH’s 76% stake at a heavily discounted valuation aiming to execute a full agreement by end of CY2017 including approval of the transaction by the US Governmen t, Silex intends to have a majority position in GLE by the end of CY2018 End of CY2018 is around the same time as the Wilmington pilot is supposed to start Are these prospective partners in GLE trying to stare down Silex on an offer price for any shares in GLE? I reckon they might be? I reckon they want to be part of it, but maybe they aren't prepared to pay the asking price, just yet anyway. I get the feeling that both GEH and Silex weren't prepared to take a low ball offer for their technology by some of the possible partners, I believe this may be why GEH will allow Silex to take their share in exchange for equity in Silex, I reckon both GEH and Silex know that they will get far more for their technology and their holding in GLE when the Pilot at Wilmington proves that this concept works beyond doubt? As for funding of the Pilot plant, I reckon that may be by way of a US Government Loan Guarantee?
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Hi Moosey - Has Silex ever made reference to a Loan Guarantee or how they might fund their acquisition? Or are they leaving that up to our imaginations...
(20min delay)