You understand it fine GW -- this is a preliminary agreement subject to final negotiations (probably near completion), the answer is: it depends. Depends on what the price is and how many shares we can put to CRRC on that financing. The note facility share conversion is a residual -- up to 19.9% limitation, and volume depending on the shares that CRRC holds at the time.

We cannot divine much at this time about those later issues, but IMO they are not really that important at the moment. There are a number of other issues and key points that will mean a lot more to us, like issuance of permit and digging of dirt.

I expect this whole deal to be bigger than most here appreciate (having talked to Boss Kent several times recently and in agreement with him). There are the half full folks, understandable in this stock, but I think our time has come. If we can ride out a few more waves, payday is approaching.