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Message: Re: Daimler decides to close Li Tec plant - chooses LG Chem for battery supply

Things need TIME to fall in place. The announced closeure is just one step. Now the Government has an incentive to offer grants to keep it open. (see PR linked above) Grants always take time, but it is in the company's best interest and the share holders for the next step to take place.

The remainder will be debt secured not only by company assets but by the $30M existing customer contract. Well we know who the customer is and it looks like a sure thing to me. Sounds like it has all been set up in advance, just needs time to execute. In the mean time LG Chem will supply during the change over. But what do I know? Nothing, I know nothing!

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