RE: RE: RE: RE: RE: RE: Should we exercise theRigh The 35million dollars is the amount owed to Marret to cover the second tranche of bonds, principal, interest plus the new bonds that were issued and also the expenses for restructuring. That amount comes from the 1.7billion shares priced at 2cents a share. Now, Marret's Plan gives the option to the current shareholders to come up with this money by buying new shares issued by the company at 2cents each., That would pay them off, get their money and go. In the alternative Marret would convert all this debt of 35million into equity at 2cents a share. Now, if the current shareholders don't exercise the Rights and buy the shares from Cline, Marret are stuck because they have to convert all their debt to equity and find working capital elsewhere. They can't issue more stock, for what institution is going to buy stock at 2cents/sh? So the trashing of the stock by Marret would become a boumerang and they would have to borrow new money as working capital and start up, if ever. But this will not likely happen and most likely some institutions, if not all , may exercise the Rights offering and give the Marret vultures the working capital they need. Yes we may have a reverse split 1:10 or 1:20, i don't know because if they are going to attract any funds, for a new issue, they have to reverse-split the stock or they could not do it for many funds have a policy not to buy penny stocks below 50cents etc.. But stocks that reverse split sooner or later go down thus more dilution from the original one. When stocks split in reverse, you'd better get out quick, or you'll lose all your investment one more time. That is why I hesitate exercising the Rights because if the stock splits in reverse and goes back down you lose all you have. So now you know how the haves steal the money from the not-haves, and that is for the record.