GESI received the formal irrevocable $45,000,000 million (up to $50 million) funding commitment from the lender of the financing.......irrevocable = not able to be annulled, appealed or revoked.
For now we're just waiting for the first draw (within weeks) to hit GESI's banc account... some say it's $10,000,000 (guesses, rumours, birdie etc...). Up to $50,000,000 in total.
That will make the present pps EXTREMELY undervalued...
10,000,000 (first draw) divided by 192,506,353 O/S = 0.05 pps(when the firs draw hits) ~ just a simple calculation.
There's also no dilution going on as stated in the CEO Gordons interview.
Share Structure Market Value $3,368,861 a/o Aug 15, 2012 Shares Outstanding 192,506,353 a/o Jun 30, 2012 Float 96,652,498 a/o Jun 30, 2012 Authorized Shares 490,000,000 a/o Mar 31, 2012
GESI developed business plans, contracts and agreements with resource providers, land owners, waste sources, technology providers, and government entities for the placement of renewable energy projects. Feedstock of the thermal gasification power plant will include railway ties, bridge timbers, poles and lumber treated with creosote etc. and turns them into electricity. company's website: http://gesienergy.com/
GESI CEO Interview on STT Radio 07/12/2012 can be heard here:
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