Not exactly. The joint venture will have 40 mill rolling loan (FBR and CRH merger). Not FBR. 40 Mill used solely on purchase of new machines. Thats how the announcement reads, the money can't be spent on FBR operational costs.
FBR still have annual running costs which will increase significantly I believe as they expand. Were years of having enough HX's to make them profitable. So, for a decent while longer they are reliant on CR's, loans and R&D rebates.
Ann: FBR receives R&D Tax Cash Refund of $8.7 million, page-6
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