RE: RE: CMK goes on care and maintenance for 3 yea If we notice in the news release, it seems to matter to both Bates and Stone the viability of the company and that the company has enough financing to last for 3 years on care and maintenance. That does not mean that this situation will last for 3 years; it may last 6 months or a year and that by that time the met coal market may have turned around. As for the dismissal of Bates and co by the bondholders, it's highly unlikely for though they will be controlling about 65% of the company, their primary concern is to get their money back one way or another. The bondholders have no interest in running the company and if Bates assures them they'll get their money under his leadership, they'll keep him on. Once the company goes into production and is profitable, the bond holders will get their money and the company through a reverse split may go back to normal. That is why both Stone and Bates seem to be pleased with this arrangement for having solved the "liquidity" problem they mentioned the other day. If sale of the company was in the works, the liquidity issue is irrelevant. Which means that they are planning of going beyond April 30 and that means that massive dillution is a given. And the costant drop in share price is evidence to that. The big boys liquidate positions now in order to buy later if they exercise the Warrants. The other thing you notice is that CMK issued more bonds about 7million dollars from which the 2.5 goes to pay the interest and the rest probably to keep the mine in care and maintenance at least for six to eight months. And by then, who knows, may be they sign a contract by then. Bates, is emotionally attached to this outfit and will not give up very easily. Sale for him is equal to defeat and a blow to his ego. So he will hang on in there and to hell with everyone else. But I wish and hope I am wrong.