Share
1,110 Posts.
lightbulb Created with Sketch. 270
clock Created with Sketch. 25/01/24
17:19
Share
Originally posted by GT55:
↑
For years announcements here have been ambiguous at best and a giant stretch at the very least. MNS has most likely been diluted to oblivion with their IM3 shareholding by any cash the C4V has managed to find between the current funder and new investors to keep the lights on. This dilution is the reason MNS no longer need to report on their investment in IM3 because it’s now of such little consequence to MNS bottom line assets. You will recall one of the reasons IM3 ran into cash problems late last year with just paying interest and some repayments was MNS was accused of blocking almost US$50 C4V brought to the table in new finance that would have diluted your 73% in IM3 to the crapper!
Expand
"If they eventually get that US$700 mill in DOE it still needs matching equity"
(20min delay)