<Frankly, I view this news release as a major setback for VLNC>..
Zeev, IF someone expected the latest news release to be a major PO...then I could agree with your disappointment...but your statement about "all they could come up with" is a bit out of range...quite the contrary...they DO produce the laminat in NI , and only in NI, (according to Lev) at this time...although Lev mentioned that he wants the laminate to be produced as well in Korea , as he does not want to "loose time" producing laminate for Hanil...so the shipment seems quite important to me...regarding the quantity, it looks like they are ready to start producing the batteries in Korea after receiving the laminate..
2. shipment to their own partner?? I guess that Valence, in their joint venture agreement with Hanil , has some responsibility to take care of..and one might just be to deliver them the laminate??
guess Hanil would not be very happy, if Valence NI would just take care of their own business...remember that Hanil is putting up big $$,,
last but not least...I wonder if VLNC gets paid for this shipment by Hanil...IF YES...wouldn't that be enough , to be eligable for the Northern Irish $30+million???? IS that the reason why VLNC postponed the shelf filing???
maybe we do not need another financing in the near future??? |
