Hopefully they have the right credit facility in place with this mob as they will be delivering USD3M of product on a USD750K upfront payment. It also begs the question if they can fulfil this and all current orders out of their existing production facility, why do we need Malta. Surely it would have been easier (and cheaper) to refurb/expand the Lithuanian site than start from scratch. This includes existing workforce vs hiring, training etc. From a capacity planning perspective they will need to use the existing site for months possibly a year or more depending how long Malta will take to complete (I asked this question when accepting the AGM meeting request); then what will happen to the existing site/plant?
Ann: US Supply and Distribution Agreement Update, page-3
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