EKI Energy is that a story or fact?

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seems more competition?

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My Anti thesis on EKI ?
Experts see renewable energy’s 2021 rally as a “last hurrah” in voluntary carbon markets for some regions

2021 may also mark the peak of renewable energy (RE) as a major share of the carbon markets, for projects originating in developed countries. RE volumes rose from 42.4 million credits in 2019 to 80.3 million credits in 2020 and remained steady at 80 million credits in 2021, making it the second-largest market category after Forestry and Land Use. Prices for RE credits tumbled from $1.42 per credit in 2019 to $0.87 per credit in 2020 before rising to $1.1 per credit as of September 2021.

“A surge in transactions coupled with falling prices is consistent with a shift in renewable energy credits coming from Asia, now that the financial additionality case is harder to make for RE in developed countries,” says Maguire.

All carbon projects need to demonstrate “additionality,” meaning that they could not exist without carbon finance, in order to sell credits. As renewable energy becomes increasingly competitive with other forms of energy, as it has in developed economies, it no longer needs carbon finance to survive. “RE projects may continue to meet additionality criteria in some places such as less developed countries,” Maguire says, “but particularly in developed countries we don’t expect to see significant new supply in the coming years.” https://www.ecosystemmarketplace.com/articles/press-release-voluntary-carbon-markets-rocket-in-2021-on-track-to-break-1b-for-first-time/ So RE volumes draining down the VER prices/volume shall come down. Flow of certificate from Forestry seems to be black box to me

While I agree to what members here have posted and it’s easy to conclude that EKI doesn’t have best business practices. But what I am confused about it is operating cash flows. If the projects are fraud then from where is the company getting cash flows from?

What is your view now?

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