Fairly brutal situation. WKHS must have a big equity raise (although $10M satisfies Terms it's not enough). Also there will be no SFI shares to WKHS shareholders. $20M for SFI by next Jan is a very, very long shot.
Arosa doesn't want WKHS to fail because they would surely love to exercise $2 warrants and make a ton of money on them. But there will still be an upside on $6.1M loan amount if Burns & crew default.
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