they've flagged a capital raise, however are looking to options...

they've flagged a capital raise, however are looking to options outside of equity. Standard lenders will struggle to get their heads around this now. I'll bet my hat there's an equity raise coming. The other alternative is accepting some kind of 2nd tier facility or funding arrangement from a strategic partner, I'm thinking IGO or BMM but with some pointy terms, i.e. eventually converting to equity and delivering control.