RE:reduction in debtdreaddogs - I agree that they probably won't refinance the entire $50M and therefore reduce their debt and interest payments. That is very good and I believe the next catalyst for bringing in new investors (i.e., de-risking). My only point is that you suggest that there would be new series of debentures to replace the existing ones. Maybe I'm reading the company's plans wrongly but I thought that the purpose of this endeavour was to retire the convertible debt and put the debt into the hands of Mood's foreign subsidiaries in various jurisidictions. That being the case, why would their be another series of convertibles? I was under the impression that the debt would be taken out of the hands of retail investors and kept within the company. Your comments?