Merc, Bob on chithouse just posted, I believe his #'s are correct.

"17.9 million units + 10.725 million overallotment = 28.625 million units.

A half warrant with every unit = 14.3125 million warrants + (28.625 million x 0.04 = 1.145 million) Brokers warrants (4% of units sold)

= 15.4575 million warrants @ $2/warrant = $30.915 million

This is a significant amount of cash and it is in the best interest of the company, which has yet to be CF positive, to ensure it finds it's way into the kitty. Otherwise there will be YAF.

Please correct me if I'm off base."

cheers