PPOk so my guess is that the private placement , since it doesn't say to whom, is to Pat Power. He buys stock, then sells stock ( at profit or loss) to raise money for PP's. He has been doing this for years. However this time , due to pretty good news re properties, it could be some other person or institution. I have been on this board since 07 but following company much longer. Of course I hope it all works out for us as I am holder, just not getting too excited about insider news on this one...gleeno..