The part related to the past 'imminent' has happened, it happened in Sep/Oct 2010......and took longer then expected (for sure) but that part has been delivered. The next step/stage has not.
I don't see it (prequisite inventory) as the issue. WNBD has sources to capital other then 504. If Home Depot required $250,000 of inventory on hand (or approximately $500,000 in retail value of product) to activate a national account and commence a large initial order by USA NA......it would be done.......WNBD mature enough to be able to secure that funding imo