Apr. 23 at 1:19 PM
$HTOO Since you're answering questions here, John-Paul @FusionFuelIR, I have a question about HTOO's subsidiary Al Shola Gas. Based on the contract you published, it sounds like the previous owners of ASG maintain full operational control, effectively meaning that HTOO has no economic interest in Al Shola Gas whatsoever. It seems like you're just borrowing Al Shola Gas' revenues to bolster HTOO's financials. What do you say to that??
That's somewhat reminiscent of what you did with QIND and Quality International (QI). Despite QIND being practically broke, you and Nick promised to the sellers you would buy QI for
$137 million. While naturally you didn't ever pay, you still booked QI's numbers as belonging to QIND for over a year, to bring QIND's revenues from
$0 to
$80 million, only stopping once the sellers canceled the agreement for non-payment.
It's seems like your MO. Why do you claim HTOO actually has an economic interest in Al Shola Gas??
