teut - "The private placement details are public knowledge" & "Post financing the % share in any potential award/settlement going to the new investors would equate to a npv per share of approx. 60 cents."

teut, please expand and explain these statements..you lost me??? as far as i know we're not sure what the exact terms of the PP are. if your statement is correct then it sounds like the PP participants would get approx $1.2bil from any settlement...