In this tumultuous market times, with liquidity being a world wide issue, our current balance sheet, our burn rate...When one considers all these, this PP is good news. We are diluting ourselves by less then 10% (assuming 134.5M share outstanding and available thru previous, in the money warrants) and we have great money in the bank. No one likes dilution. However, in these uncertain times, money in the bank is like insurrance. This is what NOT just got. Insurrance in case things go bad in the market and liquidity gets worse out there. We now need no one for a good amount of time. We can explore at our leisure and do the deal we want next time. We decreased our risks substantially for an 8% dilution. For those of us who are all in, this is very good news as it limits our downside while decreasing our upside only slightly.

Long and strong,

Glorieux