So after asking the company about what happens if KDL worst case went under , Subsequent to the coviat comment - followed up with a quiry on the earn in protection . (If we say earn in 25% when KDL falls, where resides the remainder 70% criteria with the Spanish government ? As neither KDL or WFE has spent stage 2 etc)
From What I understand from the announced information KDL had to spend the 6m ,but KDL diamond focus that they have deferred the 6m to us for our earn in.
I mean that to me, would seem if there was any doubt in buyers minds overhanging KDL that the company should make clear its rights protection position , and not leave it to a HC poster to relay that information .
the reply I received was that they would look to make an announcement that addressed some of my questions on that subject.
Has there ever been a disclosure of the KDL directors court positions to WFE share holders or its ramifications ?
WFE should IMO make it transparent to the market their exposure or any ramifications . If we are indeed protected - that needs to be transparent . As my question has not yet been answered regarding protection of the earn in rights - I would caution until that is clarified.
I assumed that the Spanish government has WFE as the obliged 6m spender and to be 70% owner, but it needs clarifilying .
Mind you - we are talking about an extreme event .
WFE Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
