RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Op To Darcy and others, can I just point out one line in the NR i thought was very interesting..."Mira has the right to retire the convertible debt on 20 days' notice to subscribers conditional upon payment of principal and all outstanding interest." so from that, what I see is that they most likely are using the money for more working capital, its not necessarily a dilutive debt offering as they have the choice to pay back the entire 2.5 million + interest on 20 days notice. So....in an event of a sale, the acquirer or Mira management may decide on paying that money back instead of converting that debt into equity further diluting the stock. Also two more intersting tidbits "Management of Mira may participate in the Offering." and "No commissions are being paid in connection with the Offering." suggest that the offering was completed by insiders, either management or cornerstone investors and not shopped around. If this is the case, I will have to side with Darcy and Invest etc. I still believe there is value here, though share price has fallen quite dramatically from the mid to high 30's at this point, I am going to stick with MRP.