Banks will want collateral (like physical properties)... otherwise super risky... and interest rates and terms become problematic. Hence equity markets exist.
Assuming they don't need lots of $ and they can see a relatively clear pathway to positive operating cash then getting a cornerstone investor would be the way to go, especially if they bring something to the table. It will depend on who and what they want. If one can't be found or one can't be found on terms that make sense... then cap in hand back to the market... i would think at about 5c ish. The current quarter 4C and any commentary with this could have a large bearing... especially if underlying growth exists and can be communicated effectively.
Fun and Games.
On the patches... my father-in-law swears by them. He's a multi-repeat customer now. So Europe and USA... boom.
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