RE:RE:RE:RE:at-the-Market Equity ProgramSuperior has used $450 million of their credit facility to fund the purchases of Canwest and R.W. Earhart. The credit facility was also used to fund the purchases of International Dioxcide, United Pacific Energy and Porco, but we don't know how much was paid for those entities. Superior paid for part of the $1.17 billion purchase of NGL with the credit facility, issued between 32 and 36.8 million subscription receipts (worth 1 common share each at a price of $12.50) and also issued US$350 million in unsecured notes. Superior also announced a Normal Course Issuer Bid in May, allowing them to repurchase more than 7 million shares on the open market. I don't think that share dilution is ever good for shareholders. We can only hope that the synergies from Superior's recent purchases will outweigh the dilution from the subscription receipts and ATM. I can't say that I'm too thrilled with the ATM. At least with the subscription receipts we know exactly how much dilution is involved.