Serious question. Under what structure is this a good deal for shareholders. QMC could have pursued $2M in equity finance and invested the money into a stronger commercial function within the company shareholders own, right? It's not like QMC is partnering with an organization that has an existing raw materials sales and marketing team focused on their target markets. Why not replicate the Pacific deal and find a distributor that does market development and takes a ~5% of sales?
Anyone got a positive scenario? Seems like company (and thus shareholder) dollars are going into a third party's pocket and I'm not sure why.