They confirm in management discussion that (eventual) german deal will need other source of financing, anyway as Li-Tec deal is based on 10 cents/$ assuming raising 10-15M$ with stock will be difficult when they raised less than 2/3 of 3.5M$ expectation to cover day-to-day loss for the coming months.

To loan based on german asset as colateral could be complex also, 10 cents/$ seems cheap but LG propose 1$ when Daimler was expecting 1 billion, but hope they will find a viable deal if the 30 M$ profitable contract is more than usual electrovaya vaporware.