"Do you feel that the Company is free to employ new sources of funding while the mfo agreement is still in place?"
So let's work together:)
According to your calculations how many shares (based on current price) would the mfo be allowed to sell?.. any way of calculating (or predicting if you are allowed:) when the agreement would be satisfied?
Damn.. your powers of sleuthing would be powerful squared if it could provide some predictive benefit:)