Wouldn't you consider it as a contingent agreement? IF/THEN? Didn't BAM and DMRJ do just that? Where was the competition for this...now, if mgt. did NOT develop interest in financing IMSC, then we get today's result- high cost of capital, on going potential (likely) dilution. Both of these ALSO make a higher wall for NEW shareholder interest.
How do you go to the new shareholder and say: We just became the LEADER in ETD and THAT IS COSTING us more money for capital.
Think about that. Now, throw money against the prospect with the new branding effort. Every single potential investor is going to sift thru the labryinth of DMRJ loans, the BAM loan and the IDIQ shipments along side the CCs and then they have to make a las vegas like bet on IMSC.
I fully expect mgt. to do better with the wins they work so dam hard to achieve. Isn't that intuitive? So this mgt. turned a WIN into a higher cost of capital and everyone is clapping about that????????? That is upside down thinking to me.