Leigh is a smart cookiehe can pay off the debentures off in5 years by issuing shares. if NXE goes up to $5 he would just have to issue 20m shares and have abit of cash left over. The stock now is very tightly held and if you want to get into NXE you have to chase the stock price up when everyone else is trying to get a peice of the pie. Now there must be only about 20-30 m shares that really are free floatinging and going forward for the next 5 yrs with $100m in the bank. good news will only push the stock up.