I agrree with you Lunch, and from my extended conversation with Tim Friesen and Mandeep Rai(controller) I got the impression that they were exploring the options of a debt financing rather than dilution. Niether one of them actually catagorically said that a financing was to be done, however I know the mantra about not being at liberty to say too much so I left it at that. IMHO they would be fools to sell shares at these prices and if they give a warrant they should be shot.