0:35
Frank Richards
27:50 - 28:25
“If Glenn Farm is not able to have a retention and seeks outside investment to come in to be able to cover the cost of the project, then we would only have those developer economics that Matt talked about.”
- Speaker
- Frank Richards
- Timestamp
- 27:50 – 28:25
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
How much is Glenn Farm going to be able to retain in ownership rights after while they're going through this equity race? In this example we've identified 35%. It could be 25%, it could be 10%, it could be zero. So that's the issue that we've talked about in terms of the dilution. If Glenn Farm is not able to have a retention and seeks outside investment to come in to be able to cover the cost of the project, then we would only have those developer economics that Matt talked about.
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