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Woody, Tyhee is looking to acquire promising, but distressed producers. Yes, a "merger" has been suggested, but my sense is that Tyhee prefers to own multi-projects. There are those sorts of projects out there with markets caps around $5m.
How Tyhee will raise the money to make those acquisitions is unclear. But it is my understanding that additional significant dilution is not part of Tyhee's strategy.
