Alright, so our current "doomsday scenario" would be a loss of CC funding followed by a dilution. Well, if GGVP was expecting a loss in CC revenue, then they wouldn't be investing in future projects at a significant cost to themselves. So, if the seller is still projecting success it all hinges on the CC market stability, which is looking better if not stable. A carbon credit is basically a concept. You can't have a bucket of Carbon Credits. However, considering the Kyoto treaty is at a mid-term with a turn around in global recession possible - I think it would be unlikely to see a decline in CC value. So, how late can the next press release be until you get nervous? I bet it's not to far off. Right?
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