We'll probably have to wait for the SEC filings to see how it's done. I recall early in 2003 they had some debt cancelation and it boosted the PPS nicely, but there were less than 30 million O/S at the time, we have 180+ million now.
This whole "managing to the balance sheet" philosophy is good for the long run, it does nothing to OTCBB speculators. Especially when the balance sheet is mostly IMW these days. OTCBB investors want to see a real chance to make millions; getting financing, upgrading Chariot plant and promoting the hell out of it is what will do it, IMO.