The $7,500,000 is for day to day operations, overhead and other necessary expenses until the business gets to Manufacturing and Deployment.
Once the RUBICON goes to the market, Graecrest-energy-solutions-llc Steps in with $1.2 Billion In commitments, which is directly tied to the Guaranteed Power Purchase Agreements, which is NON DILUTIVE!
This Deal Was Structured in a manner, where management could minimize Dilution as much as they could until they were up and running generating sustainable revenue, to which they will not need to do much additional Dilution at that point in time.
They were originally going for $10 million and decided they could get to Manufacturing on $7.5 million, hence today's deal!
Management owns, 51.2% of the company and they do not want to dilute themselves on what could potentially be a Billion $ Business Opportunity.
This is my perception and how I see the situation. Make your own decisions. Do your own research and due diligence as I have done.
