Audio Pixels - Research Report - 24th Of June 2020, page-43

I'm not worried about a cap raise and I've always expected one. The spreadsheet just indicates that a raise of $100m+ is very unlikely, which is what I was initially responding to. The margins from a couple of production runs will pay for the future production. The fab will want payment for the order that is placed. Minimising shareholder dilution to the extent possible is desirable for all, hence a short term loan (maybe even from high net worths) backed by assets (post cap raise) plus prepayment (or perhaps a contracted sale) could be a way to do that, especially with current low rates. Given the enormity of future profits to the fab a deal could be done with them to accept a % of profits from sale to speaker manufacturers for the first few batches.