RE: HEPA FILTERS3 Nov 2022 08:09
CP13 Volz did proof of concept 18 months a go, they put £1 into JV so really not super committed but at least JV had an agreed business plan which presumably involved NNN paying to convert Volz factory, this plan was changed because NNN said they didn't want to pay for this conversion and the directors of Volz were issued bundles of warrants to convert factory, as those warrants are effectively worthless for the foreseeable we have not had an update on how the factory conversion will be paid for.
Test, test, test and test but is there a commercial agreement to convert the factory and move forward?