RE: Roger Dent Downgrades... once the IPO of Ironside has occured, and a price has been established,it is possible for the BSP to get a bank loan to pay off its debt using the 15 % of Ironside as secruity.The only question that remains,is what direction the company takes after it comes out of CCAA,does it keep the Flex division and build on it,does it become an incubator for other high tech ventures or does the company wind up.Laidlaw and the funeral home company did not have an outstanding asset like Ironside and the monitor will not sell it before it IPO'S or else they will be in big trouble.