I have no doubt they will get the money. I have always thought the potential here was huge, but it was all dependent on the money. That has been the only hold back, but I believe they will clear that hurdle.
The company has been using the O/S to keep operations going. It could be possible to get the 1.7m for the loan, but at the end of the day an A/S will likely happen to maintain operations. If they had other sources for operational money why would they have used up the O/S as the did?