Using Rutilia as an example - FMS is/has probably securing/secured funding from Todd. Whether that be straight debt/mezz/equity is up on the cards.
Bottom line is the pie is now bigger thanks to the infrastructure, but to pay for the pie's growth one stakeholder is going to give up something.
Be prepared for dilution - but I doubt it would be heavy considering what a pitiful level the SP has sunk to. If similar to Rutilia then we are in a sweet spot.
As a holder for over 4 years, seeing it rise from 12c to 30c and back down to 3c, you kind of hope in these last few hours before take-off you don't get shafted :P
capital raising, page-41
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