(Total Views: 139)
Posted On: 04/24/2022 7:50:56 AM
Post# of 13600
You prove my point
Below is NOT an example of funding approval. You may not know what a standby letter of credit is? Credit was in the name of the EPC partner. I thought you would have understood this from the medi-ri nightmare. A letter of intent to approve with contingencies is not a final approval.
"On May 7, 2021, Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project."
God bless. Never give up.
Do your own due diligence
imho
cheers
Below is NOT an example of funding approval. You may not know what a standby letter of credit is? Credit was in the name of the EPC partner. I thought you would have understood this from the medi-ri nightmare. A letter of intent to approve with contingencies is not a final approval.
"On May 7, 2021, Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project."
God bless. Never give up.
Do your own due diligence
imho
cheers
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