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Re: swinging for the fence post# 21335

Wednesday, 10/29/2014 11:25:36 AM

Wednesday, October 29, 2014 11:25:36 AM

Post# of 37236
EDIT: I see. You mean revenue?
Not sure what you mean. This $ 5mm from Kodak is cash?
Proceeds from this transaction, if any, will be used to further develop and commercialize projects using Cirque’s proprietary deployable gasification unit (DGU) technology, including the construction and installation of the previously-announced Midland Biomass Power Station, LLC in Midland, Texas in addition to executing upon our joint development agreement with Northrop Grumman for DGU fabrication and deployment, both of which Cirque expects to begin generating revenue in early 2015. Cirque will also use some of the proceeds, if any, to retire more expensive, short-term debt obligations and to explore complementary, accretive, and revenue-generating strategic acquisitions.
And the way it is to be used is clearly mentioned above.

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