Well, some pretty significant events need to take place in the...

Well, some pretty significant events need to take place in the coming quarter, that is for sure.

Default on the Credit Facility is an incredibly poor outcome.

Significant revenues need to commence immediately to encourage either the existing financier or alternative financiers to negotiate the credit facility.

Incredibly alarming claim that 50% of the equipment is not operating to spec (though this claim denied by iM3NY).

I really believe public communications should be made directly by Shailesh or Chaitanya (or even Hoshi from an MNS perspective).


One thing to consider is the significant developments surrounding "New Energy New York" and the designation of Binghamton as America's Tech Hub for Battery Innovation, which all hinge on the local manufacture of Lithium Io Batteries, with iM3NY at the core as the only manufacturer in the region:

"New Energy New York (NENY)’s vision is to help the U.S. meet the demand for domestic battery products
and create a competitive edge for U.S. companies by establishing a battery development and manufacturing
industry cluster in Upstate New York’s Southern Tier around an emerging storage ecosystem and the state’s
first Li-ion gigafactory being opened by Imperium3 (iM3NY)."

To date, NENY has secured the following:
$63.7M Grant through Federal EDA Regional Challenge - SCHUMER ANNOUNCES THAT FOLLOWING HIS ALL... | Senator Chuck Schumer of New York (senate.gov)
$50M Funding through NY State (in support of EDA Grant)
$3M from Appalaction Regional commission (+ others): $3 million ARC grant will support Binghamton's battery industry (pressconnects.com)


NENY is currently one of 16 finalist for $160M Funding opportunity through NSF: NSF Regional Innovation Engines program selects 16 teams for the final round of competition | NSF - National Science Foundation

A failure of iM3NY could impact on the complete viability of the NENY project.