RE: Binding agreement2 Nov 2022 07:35
Looks like the summit was successful!
So binding agreement and B.grn do all the donkey work :
In addition, Sabien notes that b.grn has (1) announced and commenced a fund-raising round to capitalise the SPV, (2) issued a formal expression of interest in a site in the UK Midlands, (3) commissioned an architect to design necessary buildings on the target site and (4) entered into MOU discussions to install RGO facilities in multiple countries in addition to the UK. Sabien has no liability under the Agreement, nor has any requirement to provide funding to b.grn. There is no certainty that b.grn will be able to raise the required funds.
Looks like the summit has brought all necessary parties needed together :
"The signing of the Agreement followed a successful visit by executives from COF and the Korean Environmental Corporation to the UK on 24-26 October. After meetings in the Palace of Westminster, a dedicated Trade Summit, visits with Cambridge and Birmingham Universities, engagements with city councils and the inspection of a target site, the parties to the contract agreed that the time was right to move from a discussion phase to the start of business execution. As interested parties, I will keep Sabien investors updated on b.grn's production roll-out plans. In the meantime, a recording of the trade summit can be viewed at: https://youtu.be/yx106F79HMk ."
At $1m a pop this could be very very big indeed with this tiny mcap!
GL.