I think they want to go to the public, so to speak. Maybe not the broader public but a major investor with a name who can stimulate some interest in our project.
All these big investment firms are blocked from investing here because they can't buy enough shares on the open market. If they want 10 or 20 million shares they can't buy them without sending the stock price rocketing. So they would have to buy in a PP.
As I keep saying, I think there is going to be a large PP and I hope with a new investor. Not that I'm not grateful to EE, but it would be nice to have one of these investment firms, like Stifel, putting out a research report. I suspect they won't unless they have something invested as well.