Joint VentureGlad to see ATH is planning to expand their operations with, hopefully added cash and profits. Seems to me, however that everyone involved is guaranteed some immediate upside, with the exception of the common shareholder. For example 1) bankers and lawyers will all share in commissions as they set up the new company, Some of the board members will now serve on both of the boards...$$, The present mgment and workers at ATH should feel a little added job security as they will manage the operations of the new company and as someone pointed out, if ATH is sold they may still be needed with new entity. With all the hoopla and enthusiasm displayed in the call ystrdy, the average shareholder was assured that the buy back program would stay in place as described in the plan. So basically nothing new for the shareholder except the hopes that the business will grow with additional risk. I think we either got the smoke up the skirt or just ignored. In my opinion the growth they are describing should take care of the volume of shares issue in the company and perhaps that buyback program should be replaced with a dividend to offer support to existing shareholders. I believe that CVE shareholder currently receive a 2.5% divvy. An alternate possibility that would personally suit me would be if they would announce a plan to IPO this new company (Someone asked a question about this on the call ystrday, but the pres. deeked him out of his shorts and kept steaming toward the net), Back to an IPO, ATH SHs could be offered to buy shares in the new company at a 70% discount to the IPO price and Cenovus Shareholder at a 30% discount to the IPO price. Such a deal. Seriously though, I guess its useless to think that the regulators would ever point out to the JV parties that the shareholders should be considered in the planned expenditures for this new venture. As it is now proposed it appears to me that they are using the fruits of the capital support we provide when we purchase shares and held shares as a piggy bank to be raided, without offered some compensitory reward to shareholders. As I said I am pleased to see the expansion but carefully consider how your treating shareholders. Winter comes. GLTA