"but it really does come down to how the hell JP is funding the major FML purchase "
You should read the terms again. There are production triggers for some of it and a very spread out payment schedule with the final payment 3.5years after the deal is finalized. I would say they could potentially pay a huge chunk of it with profits. Even if they have to raise it will be spread out over an extended time, asset sales also come into the equation.
IRC Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held