It depends how discounted the price is.. We have to go through a 5 day VWAP, which started yesterday.. Then what every the price is after the 5 days are over, consider a 20% discount on top.. At the present time, we could be looking at a $1.50 or so on June 1st.. I can't see too much money of the 10 million being raised.. So if 25% is secured, and the final price happens to be $1.50, probably add another 1.6 million to the float.. Which is nothing.. I have studied the balance sheet, and took into consideration the recent tender of 2.5 million.. The cash is there, I'm not really sure why there is a need at this time.. Depending on how discounted the price is, I might exercise some rights.... But like the rest of you, just tired of it all....
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