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Why can't you be straight razor? I think that it's very likely that finance will be conditional on approval (hence the massive dilution we will see here), but ZEMA will be putting themselves in a truly precarious position by signing this off on the basis of a promise by an external party. In my experience, organisations like ZEMA want to see the bank balance (with an audit trail) and not an i.o.u. in advance of signing it off.
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