Ann: HMW Phase 1 Funding & Offtake Secured with US Based Partner, page-19

It says that Authium's director is going to own 2% of Galan after the placement, so it means they only need to find another $11 million. The deal sounds to me like a GoGet-style rental option. Instead of buying all the equipment, you rent it from a third party and pay a subscription fee. It also means that, instead of repaying the entire $40 million to Chemsphy for the equipment, they can start generating revenue from the first batch of production. So if the technology works out, it could actually be a better solution for them.However, there are still lots of questions—such as when they’re going to install the plant on-site—that need to be asked in the meeting tomorrow.