Ann: New York Battery Plant Independent Valuation, page-41

After the fact, your kidding?

After the fact, your kidding?
What was their plan before they bought it.
They wanted to go into battery manufacturing. #MNS ann
They have sales for batteries for most of their anticipated production.# MNS ann
The capital cost was approx $130 million and they receive labour tax and infrastructure incentives of approx $13 million from NYC.# MNS ann
A fire scale plant comes up for a plant less than a few years old and they raise $5million to buy it. #MNS ann
They just saved more than $70 million in up front capitals costs.
What was the plan from there ?
Remember they announced sales for their batteries, with a 50c SP not a difficult sell to shareholders to raise cash and go into production I would think!
Hell they just raised $11 million in the 30c range earlier this year just to keep wages paid!
What am I missing here Sb?