But we do know Halcion is so that may mean the terms for the Halcion deal may not be required if we have a cornerstone investor who will take a non-dilutive stake in that.
As the plant will need full funding it will require substantial working capital so a cornerstone investor taking a non-dilutive position in that would be incredible.
If the full funding of the HDA is taken up by a cornerstone investor maybe in a dilutionary way so as to take "royalties" from sales would be even more incredible.
Leaving the working capital required only from resolution 4 the $2.1mil to Tick Tac Toe secured by the O'Connell St properties.
These all change the working and funding resolutions and would require an amendment and TH.
Just my 2cents worth.
STI Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held