RE:The webinarIt will be very interesting on how this plays out from a capital structure point of view. With the working capital that they have now, and their goals for the next year, it is likely that a equity raise is within the next year. Furthermore, they are likely going to spend $6M in salary alone over the next 12 months. The stock price needs to be higher so they need to add value to the company. I like the comments on mod build and the debt leverage, but that after a equity give away. I really think a more mature management team could do this better, but it is not likely that this management team will be removed. If engineering is in house, they better have well seasoned engineers or detailed engineering will be long and expensive.
Lots of variables at play here for sure and it does not look like the market believes they will pull it off. These Partners have a big role to play to get this off the ground and it appears that Chris is doing the large lift mostly alone. He continues to over speak Ray so I suspect their is a good degree of micro managing going on as well. That's not good for culture.