Minnow,

1) As a long term shareholder, I've averaged down enough times, I really don't need another opportunity (smile).

2) Your suggestion that we improve our balance sheet by increasing (or fortifying our equity) to attract lenders is an oximoron. a) the insinuation would be that our balance sheet is not attractive to lenders in today's state, so why would it be attractive to new investors?, and b) I doubt that new investors would be happy to put money down and allow a lender a to take a first position......

Why I'm PO'd is because we had the money in Jan/09 ($200M) and walked away because of whatever reason (I assume cost and convenants). So, since we have such diligent management, I assume we've pursued more lenders over the last 4 months, and have somehow come to the conclusion that a mix of debit and equity is the better course of action.......

It seems like I'm staring at my dog chasing her tail........

Booster