RE: Funding11 Dec 2022 18:17
Loan finance to purchase all the remaining stock was another option mentioned but, as you say, with the first payment due on 31 January the second on 28 February and third on 31 March we should find out soon how the company will deal with this.
PXS may even opt not to buy all the stock.
"Under the terms of the DSM Transfer of Business agreement, the Company can elect in the first quarter of
2023 to purchase some but not all of DSM’s remaining stocks of Fruitflow at 31 December 2022, being a
decision which the Company will seek to make in the first quarter of 2023 once the Company has a clearer
understanding of (i) the amount of stock remaining at 31 December 2022, (ii) the best before dates of this
inventory, which are currently estimated to be favourable / long dated in light of recent production runs of new
Fruitflow material in 2022, (iii) likely customer demand in 2023 and beyond and (iv) the Company’s financial
resources at that time."