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Re: AAHRR post# 2473

Thursday, 09/09/2021 2:30:15 PM

Thursday, September 09, 2021 2:30:15 PM

Post# of 27621
The challenge that we see is that CLVN has not presented an update on the most critical element being the status of the funding for the three Ecuadoran projects arranged by Roselle.

Until the financing is closed and funds delivered to GGII, nothing much will happen. It will still take a year minimum to fabricate, ship and assemble the systems. There is only a few million per year in free cash flow available to the project owners starting in 2023.

There is an indirect party to GGII which is promoting pyrolysis systems which to my knowledge is developing sites in three major countries which predates the Clean Seas agreement. There could be some geographical overlap.

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