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Nelson2

01/20/23 3:47 PM

#15750 RE: old man river #15749

Finding the capital?
You don’t think there will be an ESG fund that MIGHT consider this company? Or wealthy individuals who believe in saving the ocean from plastic?
Good grief!

GLTA

old man river

01/20/23 4:00 PM

#15751 RE: old man river #15749

The problem that any company with a great idea has but does not have the experience as a company to roll out or has cash in the pocket to contribute to a new venture is raising capital. Even ESG funds will ask what are you bringing to the table. So, you are asking for 100 percent funding. The fund takes all of the rise for the benefit of the 300 million plus shares outstanding. The same holds true for family offices and VC firms. PE firms tend to look backwards before they will invest forward. I have had many a client in the same boat as our company. It can take several years to get anywhere. A larger WTE.plant using novel technology took close to a decade to get the capital. They had more doctorates and operational sites under their belts too. The only difference to CLNV was that the firm that I am thinking of was private.