Your heading I presume. Why disastrous? Disastrous would be no financial deal. 53% or more of something potentially huge, (according to Mizuho Financial Group) is preferable to 100% of nothing. There was always going to be a dilution of shares via capital-raising, it was no secret the difficult situation the co was in, this is the lifeline everyone was waiting for. The fact that the terms for the $60mill financial are tough is hardly surprising. As long as it sees the co thru to commercial viability it is neither here nor there.
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