RE:RE:RE:RE:RE:FCC Working CapitalEveryone needs to take a deep breath, again. Anyone should know that there are substantial capital requirements involved in manufacturing operations. Of course FCC will need working capital. When the refinery comes online they will need capital for raw material acquisition, labor, operating overhead, ect. and there will be a signifcant time between material conversion and receipt of accounts receivable for the shipped goods. Count on at least a 90 day lag time. Working capital lines of credit are generally run through a bank or other financial institution and are collateralized with hard assets, such as the refinery. Also, just because you have a working capital line of credit, it does not mean that you are going to draw it down completely. It is available to smooth out rough patches between payables and receivables. When I owned my manufacturing business I always maintained a $500K line of credit but some years never even touched it.
Bottom line, do not expect further dilution caused by working capital. The only potential for near term dilution might come from cost overruns commissioning the refinery.
Enjoy your day and be patient.