RE: RE: RE: RE: RE: Should we exercise theRights o I think the $35m was always meant for care and m.If they use it for debt Marret still needs to cover c&m.This way Marret gets to keep the money upon repayment.So how will that work with a sp of 2 cents after all rights have been exercised.Thanks to the standby guys there will be 4b shares o\s.My guess is a 1 for 40 consolidation bringing the float down to 100m and sp to 80 cents.At this point they can do a financing.Say 80m shares at 80 cents for $64m.Then pay Marret and have about $30m for working capital and possible startup.At this point float is 180m shares and tightly held.The stock will now be positioned for a big move up on whatever BS they feed us.And we all know they can do this.Its all a matter of timimg.World markets,coal markets etc.And they will probably give themselves some juicy stock options.To answer the original question if you exercise the rights you will take a bath.If you dont you get clobbered.They know exactly what they are doing.I got out but will look at the situation after consolidation.These numbers are obviously guesses but that is probably what they will do.If your still in you have a tough choice.GLTA.