Tuesday, April 30, 2024 3:05:42 PM
Yorkville was a neccessary evil as a result of the failure of the Spac; If the Spac would have been a success we would have had the groundbreaking ceremony behind us. Management incorrectly assumed the Spac would bring in enough money. It did not . is that their mistake ? yes and No...
Fortunately we had Yorkville to continue or it would have been over and out. Now we are still alive and are in talks with EXIM for potential interesting financing terms.
That is why I am writing that Yorkville was a neccesary evil after Management wrongly assumed the Spac would be succesful. It is bridging the gap unfortunately with the result that the shareprice sucks but that will be temporarily.
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