Ann: RENOUNCEABLE RIGHTS ISSUE TO RAISE UP TO $8.15 MILLION, page-23

If they were indeed confident it FAA then as zereal suggested how doesn't a credit line makes much more financial sense? Giving the benefit of the doubt that this will happen and orders will flood in has cost long termers +2 years, whilst this sector of the market as forged ahead. FAA no doubt has many detailed governance framework considerations currently being worked through, many of which are likely to still be a TBA. If it wasn't you'd expect management to be capable of articulating what is the final steps before certification, which they clearly haven't

The 90c option strike price expiring 2023 seems to have been interpreted as the existing options now being a rank outside proposition.