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Sunday, August 13, 2023 1:07:00 AM
We know they plan on raising $60M but the initial outlay of the WiFeng project is $278M, with the other $218M coming from the bank(s). I have to believe, even in China, the bank(s) don't lend seed money. They do it against hard assets and going-concerns. If they have already lent that adds legitimacy to every aspect of CIWM. Once we see the share structure change, we know King Richard got paid. I don't feel great about it but I'm more optimistic than I've ever been with $ASKH.
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