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Re: Jack_Herer post# 29328

Friday, 08/24/2018 4:24:35 PM

Friday, August 24, 2018 4:24:35 PM

Post# of 51534
all this shows is that talisman and fairwood are the only entities with >10% ownership and that the export license and permits were transferred successfully to the new company structure, incorporated. "several investors" traded capital for equity but none contributed more than 10% worth of capital to the project in Delfin's eyes which i'm assuming to mean they are still far away from their total capital goal to fund the project. maybe some initial funds were raised to get everything off the ground but the entire project will have to be funded in stages as someone said previously. probably involving the RM and then several offerings over the course of development of the project through 2021, hopefully coinciding with marginal increases in MC along the way.