That is their instrument and perk inorder to participate. And I do not believe all the options were about to expire right now, but I might be wrong on that.

The bottom line is management increasing its stake is a good thing, and it was money out their personal of pocket. Spin it any way you want but the alternative would not have been a bullish indicator.

Putnam participated earlier in the year via the raising of capital and Blakeley now stakes out a position beyond, at a time when IP efforts are closing in on being revealed.

They did not have to do it, but they did.