Aphria owed 127.5 million dollars. That would have to berepaid with cash. Now that is no longer a required repayment due to the shares issued 18.7 million @ 4.84 USD. Now the interest charges savings over the 4 years that were left on the bonds is roughly 25 to 30 million in savings as well. I understand everyone is upset about the dilution as a day trader, but, as a long investor this is a good thing to strengthen the balance sheet.