RE:RE:IR response on TRPXWhat they have set up is more along the lines of a royalty deal. They do not have to repay the money XLY gave to them. It is closer to an equity interest then debt. This arrangemetns were very common in the minning industry, but not many other sectors.
Someone can correct me if I am wrong on my next point. XLY has many different deals and I may be remembering wrong, but I believe XLY pay cost for the product they get from HUGE, so it is not like HUGE is giving away half their supply, they still recoup the cost of production.