Why do you think a CEO must inform shareholders of fund raising for operations? I agree he needs to report it in the financials but I have never heard of a CEO telling shareholders about each note prior. I think it is pretty clear, albeit a guess, but I think he either got a rotating debt from a private investor or lending institute based on signed purchase orders (been done by many pinks with actual product) or he continued to work with Kodiak. He did say he wants to avoid dilution; however, I am not sure what options he had following the recent share price decline. Just my opinions and guesses since we don’t have proof yet.