thanks for the reminder. The fact he said that just 2 weeks ago means pretty much the deal is a Go. Not sure why they had mentioned the possibility of a $25M equity raise before while it's pretty clear now they really don't need it, can't do it in the short time to July 1 and just shoot themselves in the foot with that.
Btw, the Haujie facility looks impressive in pics. Too bad they didnt show a map in that presentation.
I got the impression that if they could not do an equity raise >$3 share, that owner would hold a note until such time; kind of like you or I issuing a private mortgage on home. We may have misread structure of deal.