ERF Wireless, Inc. (ERFB)

[Ghart]

They don't have anywhere close the cash to payoff the convertibles left from the asset sale. They paid off the senior debt holder with the majority of that cash to free up ERFB assets to use to obtain the financing to not only payoff the convertibles but also refinance the rest of the balance sheet on much more favorable terms. I have clarified this with Dean. We should be close but of course he can't tell me exactly where we are at since that is non-public info.