Our Managing Director, Richard Caldwell, answers your questions sent during the month of May 2018:
- What is the minimum amount of money Greatcell needs to collect?
This is an open ended question with no “correct” answer. However, we estimate that raising $10 million as we anticipate will comfortably allow us to address our MAD prototype project with absolute confidence and with sufficient funds to deal with any reasonable contingencies. Importantly, we enjoy excellent leverage on shareholder equity with an additional $1.5 available from government for every $1 raised. Therefore, we expect to have a minimum of $25 million available to take us forward over the next 18 to 24 months with no need for any additional capital.
- If Greatcell cannot collect the necessary amount of money, is there a further plan B?
Plan A has been announced to the market and is expected to be completed very soon. In the unlikely event that Plan A fails we do have alternate plans B and C, of course.
- Can the management team of Greatcell Solar exclude a management buyout as shareholders believe this would be a disadvantage for them.
The directors are acting at all times in the best interests of existing shareholders. A number of directors have considerable shareholdings and are, therefore, closely aligned with all shareholders. We do not anticipate a management buyout.