Well, they (may) have $500k to pay interest on the (potential) $5m loan, and then get another $20m loan (maybe). They'll owe $25m if all this stuff comes through. They had around $560k in the bank from the last Quarterly. Of course they need to raise equity. With loan upon loan, I reckon they'd be in trouble without some cash behind them. Raising equity does not mean the loans are not coming through- they are separate matters.
