Yes it was. It makes me wonder why. However, two mysteries:
1. Why would Chevron answer these questions at all?
2. Why would Chevron allow this to be released?
Don’t get me wrong- I’m grateful for this info. It appears that Chevron is very happy with the functioning, and that we will play a part in their future well connectivity, perhaps at each well.
So first mystery. I think chevron would answer these questions by a competitor if it was in their interest. Why would it be in their interest?
So, why release this now? It can’t be for general shareholder interest. A more routine NR would have sufficed. I find it curious that Fuda put out that blank debenture/private placement notice. The price was $0.05 a share, twice the closing price. Someone wanted to get in, and not potentially wait when the pps was greater. What I’m wondering is Fuda can’t give non public info to sell a pp. Could he have told this individual that there would be a significant NR that would convince the individual to make the debenture/private placement?
Chevron allowed this to be released. Chevron answered the questions very affirmatively. Are they trying to market this? Could they have an entire solution- IoT, software, etc to market? If that’s the case will Micromem be bought outright? I’m hoping. I’d love to move on.
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