walconst,
For my money, the blurb you pointed out is the most important thing about the deal, other than the deal itself. Without it, my comment would be, "great, but wait for the other shoe to fall." That shoe was likely to be an old desert boot - a dilutive offering, cuz, after all, there's no cash coming our way in time to pay for the cost of doing business between now and September.
Mika says "secured debt" - hopefully he's not blowing smoke there. If the IP is solid, and the interposer is far enough along to convince an entity to offer non-dilutive financing, then we really have something.
Still another shoe likely to drop, but now I'm at a complete loss to say what it is. I hope a conference call will come soon, or perhaps we wait till the year end report.