It's very difficult to predict what's going to happen. A possible (and most likely scenario IMO) is that NB waits for the preliminary approval from the German loan guarantee programme and will use that for a first debt/equity package to finance the first tranche of say 200 million USD to start construction. I fear they will have to do this financing at or around the current pps, say at .60 USD. At a 60/40 debt/equity ratio that would mean 133 million additional shares, which is quite a lot.
However, I expect that news of such first financing and start of construction will spike nationwide and even international attention and news coverage for the project. In the current political environment this might very well result in a small hype and a considerable rise in pps. I wouldn't be surprised to see 3-4 USD after construction has begun. My hope is that this will enable us to move to a US exchange before the second financing round and without a reverse split.
Of course, it would be very interesting to hear from management how they think things will play out. But I think we will only see what's in MS' mind when we read the NR, hopefully in the next few weeks/months.
At the same time, I still believe a buyout before the end of the year is very likely. Let's sit back and see.
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