dondon - your kidding, right?

"The negative posts are eloquent enough but they reflect a reluctance to accept anything good that might come from this latest offering,the bad is dilution but the funds can be used to increase production,and that bodes well for CLL and is being reflected in price"

Look beyond the dilution dondon.....We walked away from $200M, and you're now upbeat because we raised $172M?

We introduced more owners and will eventually introduce more debtors (soon) both have (and will) eat well from their deals.....unfortunately, we've been moved so far down the food chain that the production you so banter is needed just to break even....

Also, forget about any takeover, we have that shareholder writ that makes us shareholders go to the stratosphere if someone attempts to touch us. It's clear that we're on our own - so the next capital options are 1) more debt; 2) more share dilution, or 3) profits. Since Profits are not readily availabe, and the upcoming required debt will maximize our borrowing capabilities, there remains further share dilution as the only option. This is CLL's last stand - there is no other option unless of course we issue more shares.

You don't want to be part of a business that requires more shareholders every few years because you're either participating in a business model that doesn't work, or you have a management team that can't execute the designed business model.

Good Luck

Booster