RE: Lot of interest today19 Nov 2019 17:51
I'm still confident that we will reach financial close.
"In order to potentially accelerate the closing of financing, Phoenix Biomass Energy Inc. and the Company have agreed, in principle, a path to financial close with the potential investors in the Bonds, which does not require the sale of the tax credits.
The legal documentation to finalise the subscription for the Bonds is currently being reviewed by all relevant parties and the Company expects financial close to now take place before the end of 2019. The Company will update the market in due course"
But your right in saying that the board need to answer some difficult questions, they have seriously taken the p@#s out of the shareholders. Unfortunately as the AGM is in Ireland I suspect not many attendees.
GLA