LMAO! There you go telling only part of the story again


It was clearly explained in the filings the $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 does not guarantee that the Project will be financed and completed,

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What happened to the Durango bank guarantee for 40 Mil and term sheet funding for 63 Mil??

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Per 10q

Quote:

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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,{/color} management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project.

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SNPW told us what they were told by their partner.

SNPW was up front and transparent with their shareholders about what the bank guarantee met for the project going forward

So when SNPW is updated by their partner,SNPW update their shareholders as clearly stated in the tweet..

Thank goodness the new project SNPW is working on is being partnered with a Fortune 500 company company.