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Re: NorfolkIP post# 18344

Friday, 03/03/2023 9:32:04 PM

Friday, March 03, 2023 9:32:04 PM

Post# of 28157
The challenge that the company has is that it has announced projects for which 70 percent of the press released projects never advanced. Further, we have not succeeded with at least three corporate finance firms to raise enough capital to build a good sized, quality plant. Our most recent funder is more at the small end of the financing spectrum. The recent deal reminds me of work done by Platinum Funding. They provided high interest rate loans secured against discounted shares. They sold the shares to recoup their investment. If they did not get made whole they used the note to claim more cheapie shares.
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