TS03 Inc Trust Units TSTIF

Smells in Sweden?

[Darrow100]

So Getinge, a strong 5 billion dollar (U.S.) company, according to them, 'with healthy cash flows' mind you, in the last few months planned and executed a new share issue valued at approximately 476,000,000 U.S. which was guaranteed in it's entirety by Carl Bennet, Chairman of the Board of Getinge. 
Now we find that Getinge have in effect defaulted on their agreement with TSO3 regarding the number of units they were to purchase/install to date and according to Ric Rumble TSO3, a comparatively miniscule company, 'shall ( 'are forced to' ) resource additional sales and technical support personnel immediately to assist in driving Getinge's performance beyond the current levels'
Where did all the share issue money go if now they can't even fund their own sales/tech team for the VP4?
This revelation is just one of the reasons that I don't think Getinge will ever own TSO3 - as was suggested by some, not that that really matters but Geting's failure to perform up to their obligations certainly does. The VP4 without doubt is an excellent sterilizer - just not sure they picked the right partner