re: monmickMonmick, you state that their investment is totally risk free. This is simply not true. True in the very unlikely event that the permits are not recieved by June 30th, they get their money plus interest back, however once the permits are recieved, there is no back out policy. They will receive actual shares in the company on a on to one basis. At that point they can only get out by selling 16 million shares on the open market. They will then assume all the same risks as regular shareholders except that if they ever want to sell their substantial position it will be virtually impossible. This is why your argument is not accurate. These guys are in it for the long term. There is no way that they could ever sell at a $1.50 or whatever price. You simply do not unload a 35% stake in a company on the open market.