VPR 50.0% 0.2¢ volt group limited

Born again ERJ, page-49

  1. 10,370 Posts.
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    AWESOME. Reborn ERJ will have larger scope of business, network and stronger financial condition than old ERJ. I like points (c) and (d).

    Extract from the director report regarding the future of the company after recapitalisation and relisting on the ASX

    quoted

    1.3. Future of the Company

    If the Recapitalisation Proposal is implemented, the Company intends to:
    a) commence a detailed process engineering exercise which will focus on, amongst other matters, process flow rates, efficiency and reliability enhancements and configuration of the ATEN technology;

    b) enter into discussions with various third parties to negotiate the execution of ATEN technology integration and related power purchase agreements;

    c) continue the Company's pre-administration activities in relation to the expansion of its power generation footprint through the development and/or acquisition of micro-grid power supply solutions and other power generation assets that can further the exploitation and roll-out of the ATEN technology;

    d) re-engage with ECM with a view to entering into a new strategic partnership arrangement; and

    e) enhance the capacity and capability of the Company in power generation technology development and engineering, project delivery and on-going maintenance services.
 
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