MOU's are where the majority of binding agreements in this situation would start Yoda... so I don’t know if I would go as far to say they’re entirely pointless.
But I completely agree to question why - despite all the apparent interest - they haven’t secured a single committed buyer (especially when they’re in such desperate need for funding). From what I understand, going back a number of years... Atrum actually had offers of binding offtake agreements. But instead they pursued a more prosperous longer-term approach. And given management practically self-imploded soon afterwards, has proved very obviously to be a much less prosperous approach.
OR… that’s actually all bullsh!t, and they’ve been pedalling a misleading story the whole way along. At this point, that would seem the more plausible.
Either way, it’s now August, and still no CEO. They’ve basically spent the entire last capital raise looking for someone? What a fcuking disaster.
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