General European Strategic Invt's Inc (GESI)

[XenaLives]

I missed that, thanks for the info.

Honestly, when I saw the Walton stuff I quit taking this company seriously.

So let's try to interpret that quote you just gave us:

source of funding of the plant which will be an equity percentage funding of the project. The funding will not in any way depend upon shares of the public company. MacKay stated that the terms of ownership would be heavily in favor of a majority ownership by GESI for the project.

Sounds like they have a guaranteed percentage regardless of how much the stock gets diluted.

"heavily in favor a majority ownership by GESI for the project" ..... sounds like doublespeak to me.

If the project never happens or if it never makes money you can bet the vulture capitalists have their asses covered.

They've apparently come to an agreement on the terms of funding (if there really is funding, which I doubt), so isn't that a material event that should be fully disclosed?

You do know that equity funding generally carries a higher price tag than debt funding, don't you?

And it still doesn't change a thing - the people offering the money (if it really exists) expect to get it back, and you can be darn sure that they will be at the head of the line if this project never pans out.