I'll have to assume you aren't legally trained based on your comments.

The bond holders do not have the ability to force us into BK unless and until we miss an interest payment or the principal repayment -- read the bond indenture for events of default.

We can sell the equipment and litigate on, including defaulting on the debt, until it's all gone.

It would be preferable to have real financing, but we don't have to roll over and die if it doesn't come immediately. We can indeed sell the equipment. And since that has not happened, IMO Fung must indeed have some hope of a deal.