K-Saab insights?

Some of you might have noticed your ears eyes pricking up when you saw this in comments:

Guys, it’s very simple. The K-egg group intends to put up exactly 0 SEK for the deal, it is all intended to be financed by EIB and gov “bridge” loans.
In other words:
Bridge loans = Will be used to cover operational losses until the new 9-5 is released. I assume that the loan will be used to finalize development as well as launch activities.
EIB loans = Will be used for green tech development. Very important but it won’t save Saab today (if you do it by the book).
The plan by JÅJ is to have a positive cash flow by 2011. Until then the company will have a serious cash flow problem unless sales reach record levels. The 2011 deadline is highly uncertain, but doing business is a gamble so ..
Saab would have to continue to run on a skeleton crew until the cash flow improves which would be some time after 2011.
What money will be used to develop new models? Is the plan really to let Saab be more dependent on GM tech? I really can’t see any other way than to continue using GM as a tech supplier doing even more cut backs on inhouse development. The costs must go go down.
K-egg is trying to convince the Swedish gov to supply cash to cover operational losses. Thet won’t put in 1 SEK themselves. No venture cap. what so ever.
I really like the K-egg guys, but I fully understand the gov reluctance to “invest”.
Would You put down Your own money on a deal riding on the condition that you:
A) Reach a positive cash flow within 12-18 months?
B) You keep the positive cash flow long enough to build product dev. resources.
C) Succeed with the plan.
A venture capitalist would.
CvK and Eker probably won’t … they’ll borrow money using money borrowing experts ..
This is the reason why the gov is screaming: “SHOW US THE MONEY!”. The aren’t venture cap’s, they’re the stewards of tax payers money.
So .. it’s quite simple, show us the money K-egg.

Now, it’s important for you to know that this commenter used a false email address, so my attempts to contact him/her personally have fallen flat.
So is this the writing of another armchair quarterback, or someone in a position to know?
Edit: Paragraph removed to ease concerns raised in comments.
I do not want to provide this commenter with any boost or decline in credibility. Their comment is what it is. But available information leads me to believe that this person has a connection with Saab or the deal in progress. Whether this connection runs deep enough to make this an authoritative comment or mere cafeteria talk is another matter.
——
The crucial part for me here is the zero-dollars-down part of the comment. i.e. that Koenigsegg are paying nothing for Saab.
FIAT pulled off a similar deal for Chrysler by promising to add models to Chryslers range and share technologies, etc. They were bailing out a major basket case.
Can Koenigsegg offer the same? Sure, I’d like to have a Saab badged CCX, but then again I’d also like to live in the Land of Chocolate.
This goes back to something I’ve written about before with regard to this deal. Deutsche Bank chose the preferred bidder for General Motors and I don’t think the money up front was a big part of this. What they’d get for Saab is a drop in the ocean. What they can get out of is another matter.
Back on June 16, I wrote the following:

I still have my reservations, though, and they come down to the people inside of, and the people backing the Koenigsegg Group.
When you buy a house, the deal is usually contingent on two primary elements: the price you’re willing to pay and the conditions you’re willing to provide. If two purchasers are offering the same price and one offers more attractive terms (shorter settlement, no sale of their existing home, etc) then that person will usually win the prize.
It’s my fear that Koenigsegg won this bid with conditions that place them – and Saab – at some risk. Whether it be the price they paid or the conditions they offered, I’m just worried that they’re stretching themselves thin.

Getting a couple of hundred million for Saab isn’t going to solve GM’s problems. But if GM can get out of all the support mechanisms they should have for a jettisoned brand – things like warranting the factory equipment and operations they’re selling, or setup costs for the 9-5 and movement costs for the 9-3 convertible tooling – then that’s a major bonus for them. And let’s not forget that JAJ’s just been out cap-in-hand asking for funding, some of which would cover those exact items.
The theory in summary is that GM are willing to forego money in exchange for a clean break.
If our commenter’s contention of zero-dollars-down is correct (and I stress that this is as-yet unknown), then I fear for the conditions that K-Segg have had to offer GM in order to become the preferred bidder.

wpDiscuz