RE: O the HORRORPP means private placement - shares are being offered to those with the means to buy them through brokers. The money raised goes to the company (with commissions to the brokers). For us shareholders, it means there are more shares outstanding (dilution), however, there is also more cash in the companies accounts (anti-dilution). If we hit the 'big one' it means we have to share the profits with more folks, but at the same time it provides us with the means (cash) to swing for the fences with some exploration and development.