RE:RE:PI Coverage InitiatedAgreed, I've asked IR the same question without a direct response other than the typical response of wanting to maintain safe cash buffer. Personally speaking, if I was CFO I certainly wouldn't have raised cash at these levels solely for the purpose of maintaining a cash buffer. My only hope is that the PP was raised to bring attention to Excelsior from analysts in hopes to promote this company to give us the re-rating and re-pricing we need for an eventual takeover. After all, we've been complaining on this forum about the lack of marketing right? This in a sense, is a type of marketing. Of course I may be too optimistic here, but I guess time will tell. Scotia is a Big 5 bank and I think shows a lot of confidence, as banks have lower risk tolerance than smaller hedge funds and mining funds.