Fantomas, many thanks for that! I could not put a finger on your reference when I said about $10M cash stash. But I recalled reading about it somewhere, and right after that I went back to some of the financing NRs to have a first order estimate, $10M is not too far off, but your number of $8.4M is certainly more accurate.

So take the market cap, minus $8.4M would leave us with something like $18M - $8M = $10M for the net cap of FNC. Just wondering why nobody would take a run at FNC. Just 17.5% of CHM and 9M shares of RGX would be more than enough to pay for the entire company, the rest: McFaulds, Magpie, Lac Lamelee, and whatever else would be for free.

Let's see, 10% of $10M = $1M = $200k each for 5 small investors. Why 5 in this investment club? I try to keep the number below half a dozen. Ten, would probably be OK, but 10 members would generate too much debate.

Thanks again,

goldhunter