Recall that management was a big buyer of the debentures and had to get regulatory approval to exceed participation beyond 25% of the first tranche and basically took down 50% at a time when there was a lack of interest by market participants. 

So in buying the company debt they are hanging their hat on the success of POET. They do  have a lot of  options which  is  certainly a safe way of  participating in the future of the company but to also  participate heavily in the debenture I  think  was very indicative of their confidence in the future of this company.

"I wish I could buy stock" was a statement I heard at the last meeting I was at. I do not know whether that was due to regulatory issues and a timing thing or  "no cash to buy more". I think they are not allowed to buy at this time.