Your correct but the L2's can change at the blink of an eye. Remember the good old days when .02's and .03's were a bargain! What was that all about?  I have .005 restricted shares which are untradeable and almost laughable due to their lack of liquidity.  I'd prefer liquid 8's to frozen 5's at this point.  Down to 100k common shares and slowly unloading them into other more excitable and lucrative positions.  I'm just about done with this focking fiasco.  TECO is always "getting it done" but for two years "nothing has been accomplished to increase the PPS"!  That is all I give a chit about! Making money, period! If something "had been done" then we would be back into the .03's or better.  I have my much larger restricted position so I hope TECO management knows what they hell they are doing after years of "oil business training"!