Ann: Altech - Termination of Controlled Placement Agreement, page-6

Quite easy. Only thing stopping ATC at the current stage to proceed is the completion of finance - and they didn't manage to change this sad state of affairs for the last 3 and a half years. Given that markets are basically swimming in money (that's why stock markets around the world are leaping from one All time high to the next) can there be only one reason that ATC does not manage to get the pittance they need to build their factory: Not enough people with spare money seem to believe in the story which Iggy & Co are telling. They don't believe the chance to get their money (plus interest) back is worth the risk.

Given that the technicals of producing HPA seem to be quite sound would I assume the problem is the opaqueness of the HPA market. Nobody really knows how much HPA the markets need, how much HPA is already produced and at what price it changes hands.

People with money want to see it coming back if they lend it out, and anybody providing mezzanine finance knows that their money is the first gone if things turn pear-shaped. The provider of the first mortgage still might to be able to resell the section, but mezzanine finance has nothing to recover in a crash.

Iggy & co didn't manage to tell a convincing enough story - and they don't seem to be able to back it with hard facts about the market. Hey, when was the last time they updated their HPA market demand predictions and replaced the predicted demand with real values? I remember some forecasts for 2015 ff, but I don't remember that I ever have seen these forecasts replaced with real data. Did they do that ever?

Story just getting stale ...