Here are my thoughts and they are purely speculative. I still think the deal we got in China was too good. Meaning I have a hard time believing loaning them our expertise alone got us the 8.5% royalty and 10% equity stake in Newco. I could be wrong. But if I'm right, then I'm thinking somehow we helped get the loan/funding to build out the lab and storage facility in China.
Now if I'm correct, perhaps we could get the funds to do this deal but only if the price is right and it fits in with our China strategy which I'm not sure what that is. And the total package would have to be cash flow neutral IMO.
Bottom line, CBAI certainly doesn't have the money to do the deal considering were still not cash flow positive.
Make sense?
Don't worry about the mule going blind just load the wagon.
