I have already said this, but I'll say it again now. I am positive they already have the financing lined up. They may have had more than one possible source and/ or plan that they could or can execute depending on how things played out with the note holders, how they structure the different entities etc.

However, SeD did not do months of due diligence, take over the company, appoint 4 board members, write a 100+ page 8K, and invest several hundred thousand dollars with plans to shop the deal around later to raise the money. It took months and months and months to negotiate the noteholders down to where they did. Does anyone actually think they would do this BEFORE they knew where the money was coming from? That is not how things work.

The big question is how much dilution will we see for the financing and for the asset they are acquiring. That is the variable which will determine how much our shares are worth.