I'm not sure many companies want to invest large amounts of...

I'm not sure many companies want to invest large amounts of capital in machines that rightly or wrongly are untested in the market, so the company has found a way to overcome it. By creating a JV titomic can provide the machine and the partner a client list looking to fill a need.
the new capital raise which seems to be in the pipeline. This seems to be more targeted where before the company was going to manufacture everything from bikes, ports, good clubs, shipping hauls and so much more.
im not happy that the company has burnt a heap of cash however there seems to a bit more strategic and targeted.
i think there biggest issue is that it needs to prove to investors that by tipping money into the company how is the company in the medium to long term going to be cash flow positive so they can get a return on there investment while keeping the "old" shareholders happy.