Right. So IF the shares are being issued at the close of market with the close of market price, then there is no DIRECT correlation between the issuance of shares and the PPS dropping because the price is 100% unaffected by the transaction. I keep hearing people mentioning "504s hitting the market" and guesses on "the percentage discount" the 504s are getting which is dropping the price. The fact is, I haven't seen any facts that support the 504s have any direct correlation with share price reduction at the trading level.