No argument on the likely need to eventually raise more equity. However, the shareholder base and value base will be plenty sufficient to enable a more distributed placement, and existing NOT shareholders have a significant interest in not giving control away at this early point. I am trying to draw a distinction that is significant. NOT holders should not be expecting a furthur Private placement unless it is quite small , say 2% or less M/C , and well priced.  That is the financial objective of expending the current cash equity, to enable added equity to be raised on more attractive terms. Added venture capital is not attractive, and the company has the base for a more distributed underwriting.