Revenues can only be realized when either CLNV raises funds for its owned and operated projects or its clients raise funds to place an order with CLNV.
We know that Dan is on his third or fourth funding group now. At least three have not yet delivered. The Indian plant was financed through dilution of our own shares.
As for the Nantes deal, it will take a year before the parties can start to shop around the deal for financing.
These things take time. Financing a start up with no real money from the project developer is a big turn off for major infrastructure banks like Mcquarrie, pension funds or family offices. So, we need to almost double our time estimates in seeing capital then add a year before commercialized revenues happen.
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