Book your ticket to happiness with Sun Express Airlines. This is John Bachelor.

This is John Bachelor.

Conversation with my colleague Henry Sikalski,

the Executive Director of Non-Proliferation Policy

Education Center, about nuclear power, nuclear energy, the risks such as Zappareia under enemy attack in Ukraine and the financing.

Henry Sillkovsky here comments on a company known as Newscale.Scale builds modular reactors, the front line of technology

for reactors. However, the expense is the question, who can afford it? Can the markets afford it? Does it need state

subsidy forever? Henry speaks to that in the question of new scale, which had

contracts in the West, Utah,

to deal with building nuclear modular reactors

in the West, and Henrizikalski,

non-proliferation policy education center.

That caused an enormous drop in the stock of new scale,

but this latest evaluation by Wells Fargo did additional damage because what happened is the stock fell

after Utah pulled out municipalities pulled out and then it started to build again because he said, well, we have other prospects. Wells Fargo took a sharp look at that increase. I think it went up to, you know, it went up to you know it went down to almost less than three dollars per share and it went up again

And they said look

You only have so much cash and you have no revenues coming in you're going to run out of money

Now the significance of this is this is the most advanced design that is the same most mature design that we have in a small modular reactor

bit if you will and if this program doesn't do well it casts a shadow on all the

other proposals.

More important, the model that NewScale has

is one in which you try to raise money from customers,

...