Feb. 10 at 4:46 PM
$HTOO $QIND $ILUS - LAGGING PAYMENTS ALERT
[QIND late paying Al Shola Gas...Majority of HTOO income is tied to Al Shola Gas]
HTOO deal completed on November 26, 2024
Payment terms:
$1M as soon as possible after ‘uplist’ – Completed Nov 26-24
8 quarterly payments of
$1.125M/Q
By the time of this 10Q they should have paid
$1M plus 3 payments of
$1.125 =
$3.375M as well as the
$1M for a total of
$4.375M by Sept 30, 2025
As you can see, they have only paid
$900,000
That spells trouble if you know anything about the QIND/Quality International deal unwinding for non-payment.
