Rick, from your statement
barring any major joint ventures that may be pursued.
What the ceo is referring to there is another property, owned by someone else and KAT becomes part owner (claimholder) in the property, then he would give up some shares for it.
The Twi-Lite property for example, I never did see the terms of that one but I am not following too close, my shares have not collected enough dust yet.