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TMEvans

10/18/15 2:38 PM

#24416 RE: Wo #24393

Re dilution: I think if it comes to pass that they can produce and sell the capacity at tweed farms, there would be limited dilution from that point forward... There would be sufficient cash flow to fund additional capex, or to service non-dilutive debt financing... Barring possible future acquisitions paid for with shares (which I would hope would only occur if our shares are pretty richly valued), there should be little reason to issue many more shares... If they can get the cashflow up...