Jul. 29 at 2:12 PM
$LNZA That has historically been a big issue for them; however, they just raised
$20M at
$10 a share a couple months ago, they have cut their operating costs in half and they are imminently set to start receiving 40M Euros as a grant... Their ownership in the HK JV is worth around
$150M and now that it's publicly traded, it's highly liquid... if they sold just 1% of their 9% ownership in that JV they could raise
$17M... if they are smart, they don't need to raise cash again. Cheers.