The 15:1, and the private placement were are wrapped up together. Too many shares to do one, but shareholders were concerned that after a rollback, the share price would be driven down, and then a PP would be done.

Peter Brown did not comment on the stability of the Pincher Creek Partners. Going any way other than the present planned course of action would lead to delays with new applications for someone else to be the operator, or just taking a different approach.