You either haven't been paying attention or are just oblivious. We've heard the argument before, pal: Sunlogics PLC isn't really going to use the Fund it just spent a year creating. Nonsense. It is obvious they want to succeed because they stand to make more money than any of us.
Very soon the NMSEC investors you speak of WILL BE SUNLOGICS. As in, the board members of NMSEC have already been appointed Officers and Directors of Sunlogics PLC and Sunlogics PLC is going to acquire NMSEC. (In My Opinion).
You think they are just asses and bought SLMU and took on $87,000 in debt and created SPFM and merged SLMU and SPFM for a laugh? LOL. They did it because it is going to be profitable. They are a global manufacturer of solar power equipment and from now on they will always have at least one buyer of their products- a buyer with an exclusive right of first refusal based on, you said it, an objective third party appraisal.
As for financing, you don't present one shred of evidence supporting your claim of dilution. Many are eager to invest in renewable energy and the Fund is a unique publicly traded instrument to truly invest in "solar power" in a more general sense, as Sunlogics builds varied projects for third parties (such as, you know, GM and Energizer).