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Re: skitahoe post# 302446

Thursday, 08/27/2020 10:01:04 PM

Thursday, August 27, 2020 10:01:04 PM

Post# of 708742
I agree ski, it’s not the PR that we wanted right now, but I would think if data lock was anticipated in the next couple of days, they would have just waited to announce this news along with it. And yes, good news but we already knew from the 10-Q that they were slowed by Covid-19 and were working double shifts to mitigate the delay. We’ve also known much longer about the facilities at Sawston from the Advent website, so this wasn’t new either. And why mention the air change rate for class c cleanrooms?

So basically, the news is they received a “loan for £1.35 ($1.77M) from the Department for Business, Energy & Industrial Strategy and the Company currently anticipates the Phase I buildout will finish by mid-October of 2020.” It makes me wonder when they actually started working double shifts, and how long it would have taken them to finish had they not accelerated the buildout.
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