RE: KIBO HOLDING AT MAST3 Apr 2024 13:29
“An initial advance of £450,000 following execution of the Funding Agreement ("Initial Advance").”
No word on whether this has been received, or of work has even commenced at pyebridge.
This is still priced to fail. I believe the last deal was a temporary fix to buy some time for a funding J.V.
Unless of course works at pyebridge is underway 🤷.
Either way kibo’s stake in Mast at this s.p is about £260,000.
M.C only 800,000
Yet the 3 engines alone at pyebridge are worth 600-700,000 EACH.
Hopefully an update due this month..