Possibly not HWS. If the plan holds then Karara will be cash...

Possibly not HWS. If the plan holds then Karara will be cash flow positive sometime next quarter. theoretically that means they can pay for their own modifications instead of asking for money all the time.
If they did need a lump sum of money for the plant after cash flow positive then it may cost GBG some % but i doubt it would be large. We have $50 million in the bank so possibly if that happened we may just hand over the cash.