Thursday, September 09, 2021 7:13:37 PM
The agreement between GGII and Clean Seas boils down to a two year sales agency agreement. Clean Seas finds new third party clients, gets the permits and raises funds for those clients. For this, Clean Seas will earn a commission directly or as a resale of a system.
For GGII, the big gain is having a new customer coming to their doors with cash.
The only question is if Roselle who has been retained by Clean Seas can find and deliver the cash to the project which is turn will buy systems from GGII. To date, we have had no meaningful update on how Roselle is doing in finding the cash for the three Ecuadoran plants.
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