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The utility also maintains that its agreement with OKSA guarantees capital investments into the hydroelectric plant, but shareholders say they have yet to see the contract terms.
Since the financial crisis deepened in September, policy makers in Europe and in the United States have tried various approaches to stabilize banks, including loan guarantees, capital injections, forced mergers and breakups, and most recently commitments to create institutions to acquire tainted assets.
That does not mean that there is a guaranteed capital to get the product into commercialization, but at least there is money in the bank to hire key employees and move toward the first milestone.
But thanks to willing equity and debt markets, including U.S. Export-Import Bank guarantees, "capital is not an issue in this market," says Richard Aboulafia, aviation analyst at Teal Group, a Virginia-based aviation consultancy.
Ex-Im offers four financial products -- direct loans, loan guarantees, working capital guarantees and export credit insurance -- in pursuit of its mission of boosting U.S. jobs through the financing of exports.
Mr Perissinotto argues that the group has the scope to guarantee investors' capital even while returning a margin on top.
This is a tall order, but it is important because oil prices will not forever guarantee that capital is in such generous supply.
Investors thought Abbey was a guarantee of capital safety," says Lamb. "I want to know the extent of its involvement; whether it was aware of promotional material carrying its name and the prominence it was given by some IFAs who sold the bonds; and if they were not aware, I want to know why as millions of sales letters were sent out".
The Other Financial Services segment consists of credit guarantee, venture capital, and securities businesses.
Table 1 Companies' responsibility to stakeholders Responsibility to Investors: Responsibility to Employees: Create more profits, guarantee investors' capital safety, and pay dividends or interests on time.
Therefore, company's responsibility to investors is to create more profits, guarantee investors' capital safety, and pay dividends or interests on time.
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