Correct, they need financing to complete the build out to be ready to get through stage 7 to apply for licensing. This is where BLDV comes in to try to get them the financing to complete the build out. Notice how key BLDV's role is at this stage.
Buy cautiously and sell reluctantly. All of my posts are In My Opinion only based on the DD I have completed. Please do your own DD and make your own decisions.