RE:RE:Definitive agreement reached I think your math might be off. They're not giving up 28% of the equity in the project. They're paying a 14% preferential dividend + giving 14% of the project. The 14% dividend on $75M of capital is equavalent to ~4% of the project if we use the company provided $250M EBITDA estimate. So they're effectively giving up 18% of the project for the $75M of capital. An amazing deal for ReGen.