If the sp was sub 10c prior to this takeover offer, what...

If the sp was sub 10c prior to this takeover offer, what dilution would shareholders see by way of either a JV, or the amount of debt by way of a loan? In this current environment it is extremely unlikely they will get a loan for a risky investment like this to kick it off the ground. Therefore there are only a couple of options, they dilute by cap raising or JV or they get taken over!

IMO