I agree with Rocket in disagreeing Yeti....WoW, talk about a syntax nightmare.  The two views are not mutually exclusive. 

I think almost all of us view the market price as being grossly undervalued, but I don't see that as a reason to be upset with the HL placement.  

Of course DM has a fiducicary responsiblity to find the best possible financing option, even if one has already been found.  But absent something concrete (imaginary CVDs don't count) this may very well have been his only, or best option.

I for one would hate to see the loan defaulted on and for Eastern to walk away with basically the whole store.  We still haven't gotten word on the TSX decision re the HL PP, and we're already in the 11th hour here.  I would not want DM to risk going right to the last second for fear of the loan defaulting, I think he pushed this later than most of us would have liked.  

If Resverlogix eventually attains a market capitalization in the billions....then like Rocket I'll consider the dilution to have been worth it....I'll just gamble a little less when I'm on my year long global cruise.