No, it's not an opinion. PIPE = Private Investment in a Public Entity. Also known as a private placement. See this post: <a href="http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31372820" target="_blank">http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31372820</a> Then this filing: <a href="http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=15764" target="_blank">http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=15764</a>