Biomass Secure Power Inc. (BMSPF)

[PhillipD]

Some old news, some new news. They've confirmed the sponsorship from Canaccord Genuity, a private placement of $250,000, and then a $2.5 million placement. The $2.5 million question is what form of dilution will we see assuming all of the stars line up with the end user agreements? Will we have anything left? My only hope comes in the fact that the Directors hold the controlling interest in the company and wouldn't want to give that up.

Phillip