Debt financing with Asahi
I like the fact that they replaced GE's debt with Asahi's, but nowhere did I see royalty payments for sales in Asia. Why didn't NXTM set up a partnership agreement with an Asia partner who would put up cash and perhaps pay 20% royalties to NXTM--instead of just settling for a restructured debt (and perhaps later dilution)?
Either way, cash no longer seems to be an issue.