Good chance that statement was thrown in there as a bit of a "lend us money you schmucks" to the banks, why else would they have mentioned it's value but not recognize it on the balance sheet?
A $5-10m credit line for leasing would be a game changer, property backing it would/ should be good enough to get a nice interest rate.
Even just a $5m facility to start, once the $5m was used and was a proven cash generator the floodgates could open.
A little high risk but we need the factory cranking out substantially more units to be getting the profit flowing to the bottom line.
Good chance that statement was thrown in there as a bit of a...
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