RE: RE: 3 months only to exercise the rights Check it out again. July 31st is the last day Rights have to be exercised by. Now the preliminary prospectus has been submitted to the TSX, after that, if there are no amendments, the final prospectus will be issued and the Record day will be announced. Notice also that (new thing is this fiasco) is the reference on the proceeds from the Stand By shares to the Stand By Buyers, though it was thought originally that it would go to pay off the bond holders, now we see that the money will be used for working captital for Cline etc. (see one of my blogs) and in the Sedar. Now that boggles the mind. Was not the proceeds from the Rights exercise to go toward paying the second tranche of Bonds worth 35million dollars? May be Bates and the Marret vultures don't want to anger the folk about these kind of dealings and at the last minute they decided to sweeten the pill and say the money does not go to pay the vultures but to finance the company. The question is how are the bondholders are going to get their 35million? I gues they are hoping the company will go into production at some point between now and 3 years from now or more dilution. Who knows what these monkey people are doing.