"While it has sometimes been a rocky relationship with our note holders, they supported us for the past five years despite having to weather the effects of the most unstable period in the U.S. capital markets in my lifetime. Some of the entities holding our debt were forced to liquidate."
That part. So it's clear that some of the early lenders were cash starved and that's why it took quite a while to get to the teens. They needed to turn a lot of shares into cash right away. Now that those entities have sold, we're starting to see this move up with less resistance.
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