They have already announced bond financing through the Port and I expect them to announce take off agreements for future capacity. Those aren't the issues, the issue is what will we be left with by the time all of this happens. Having a higher share price when someone else owns the shares you used to have doesn't help my investment. This is a blatant slap in the face for those of us that have been here for 10+ years and I'm afraid the worst may not be over, but right now I have more questions than I have answers from this press release. We have 60 million shares left of the original 600 million. Another 10-15 million will dilute things further, but what is to become of Montreux shares? Is this a merger where their shares are going to be combined with our outstanding shares (units)? We could lose a lot more than 25% of our equity. This press release was obviously written by an attorney to say what needs to be said, but written with so much legalese that I need flow chart to decipher it. I think that is intentional.
At least we're back to the games being played with a couple hundred shares being traded for a penny.
Phillip
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