After reading it twice that's what it sounds like on "one" of the current proposals...but I can tell you from my convo with him last wednesday that the 2 inventory financings he said he was closest on were both "non-dilutive" ok...so perhaps the financing proposal with minor dilutive terms Mr. Huss was referring to with AccipiterQ was strictly in regards to the merger/acquisition?
Especially when we read AccipiterQ's 2nd part in regards to financing:
"As per financing, what is the time-table looking like Mr Huss: It depends on that meeting. The funding is dealing more with with longer term acquisition candidates. They have 'Other fish to fry' was his wording. (i.e thinking more long term)"