We have been making excellent progress with our DI efforts. As this deal is more complicated than ones in the past, we are juggling a lot of interdependent tasks but making great headway. That is not to say there are not some significant hurdles remaining. Here is a quick update on our progress:

• Lease Agreement - We have been exchanging comments with the landlord and so far seem to have resolved most of the major issues. We probably have a few more weeks left to conclude this task. One major requirement of the lease we need to solve for is coming up with a year’s worth of prepaid rent. So, we are in search of a very short term loan to help cover this cost with the expectation that we will pay this off within a year of opening the DI facility. If you have any ideas or wish to help let us know.

Read more...