Final warranty settlement with Windflow ...
Sounds like they managed to settle at least one of their long ongoing litigation concerns:
https://www.nzx.com/files/attachments/223785.pdf
Still subject to the approval from WTL shareholders, but it sounds like a win - win to me:
NWF gets 1 million dollars in cash plus convertible notes worth 10% of WTL as full and final settlement of the warranty issues. Obviously not covering all the cost (well, depends on how much 10% of WTL proves to be worth ... 70k at current market cap), but getting something out of WTL is better than getting nothing. Both companies can now focus on moving forward (instead of on litigation) and I can't see how an improved relationship between turbine supplier and turbine users could be anything else than beneficial for both.
Good they concluded this case ... consent issues next?