RE: LOANFunding of the total $60M is probably an outside chance. My guess is that they might loan MPE a "few" million to start with, and if conditions are met there should be a proviso of more money to loan. In return, I am sure that the investment group will be asking for the possibility of exchanging debt for shares at low option prices.
I've heard that the growing season has been pretty pathetic this year in China, but hopefully they'll have an "indian summer" and the crops will produce well into the late Fall.