Why would a Hungarian manufacturer want to have a mysterious Canadian developer with NO TRACK RECORD build its expansion facilities? Makes no sense at all.
This tantalizingly almost credible announcement about NEGOTIATIONS is just another in a long series of fluffbombs. I suspect that the 'project' is the work of Andrew Racz of Beral, and it fits with the earlier announcement of an intent to list the company on the Budapest exchange. All the better for short selling by the lender and of course (ahem) money-laundering.
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