RE: Interpretation of the PMG offeringMissed the fact that the PR referenced US $. Just out, offering for a total, including the $20 million adder, of $100 million, at 3.375%, conversion price of US $27.3485, yielding roughly 3.636 million shares, at conversion, in 2010. Backing out what will now be an interest expense of about $6.750 million over two years, PMG has done the equivalent of selling a standard 3.636 million share offer, at US $25.44/share. IMO, we head up substantially, tomorrow.