If one is running a marathon it's not a good idea to start your finishing kick too early. You might run out of steam and have trouble finishing. I think it is possible Leo has been in energy (capital) conservation mode for so long he is leary to start burning through capital until the finish line is definitely within reach. Any math ninjas here want to give us an idea of how much capital we would be looking at burning ,with extra market fees and likely annual salaries of a BOD. Also is there a required minimum number of directors to constitute a board?