Tassos Rates's questions to LLAP leadership • Q3 2023
Question
Asked for details on pipeline opportunities expected to be decided in the next three months, other commercial opportunities besides Rivada, the company's hurdle rate for return on invested capital, and for comments on a recent tweet from Rivada's CEO about making payments by year-end.
Answer
Management declined to provide specifics on pending bids to protect their competitive position but stated they expect significant announcements in the next six months. For capital allocation, they target a 12-month or better ROI on purchases. Regarding the tweet, the CEO confirmed he had spoken with Rivada's CEO that morning, has confidence in their funding source, and is aware of their frustration with the delay.