RE: One of the things holding this back was...1 Jun 2020 12:40
TheAnalyst In relation to your 11.24 I would remind you of this quote from the RNS that was issued in relation to the Peel option agreement. 'PowerHouse will, if Peel exercises the option, receive £500,000 as a one-off fee for granting Peel exclusive rights to develop the DMG® Technology in the UK.' So even without any operational DMG units on the exercise of the option PHE will receive £500,000 which would avoid in my opinion any need for a placing. So I do not think either company is in a better financial position than the other at the moment.