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<p>[quote user="CMStPnP"]</p> <p> </p> <div class="quote-header"> </div> <blockquote class="quote"> <div class="quote-user">Deggesty</div> <div class="quote-content"> <p><span style="font-family:times new roman,times;font-size:14pt;">As Sam says, not in so many words--<em>any</em> investor in a large scale project who does not thoroughly vet the project before putting his money into it is like one who is soon parted from his money.</span></p> </div> </blockquote> <div class="quote-footer"> </div> <p> </p> <p>You missed the point being made just like she did.   A private company does not have to make public disclosures as she presumes.    A private company can supply such information under confidentiality agreements to private investors or financiers.    That means the disclosed information remains private not public.   For decades and decades nobody on the planet knew what Readers Digest made as a company or what it's revenue was.    They could not even approximate it.    Why?  It was a privately held company which did not have to publicly disclose anything.</p> <p>Billions can be raised without public disclosure of much financial details.   An IPO does not have to occur before billions can be raised.    That assumption is pure foolishness. [/quote]</p> <p>Whether the money is raised in the public markets or whether it is a private placement is irrelevant.  </p> <p>I don't believe that I even hinted at an IPO, which would be selling stock. My view was on debt financing. </p> <p>The people putting up the money will want to know whether the project is sound, i.e. they have a reasonable probability of getting their money back. And they are going to want some independent verification of the plan's variables.  </p> <p>Since TCR has not disclosed it financing plans, no one knows what the source of the financing will be.  The Japanese Central Bank has indicated that it will participate in the financing.  It is a public institution, and it is required to shine a light on its activities. </p> <p>Telling someone that they missed the point, by the way, is belittling.  It adds nothing to the conversation.</p>
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