I agree that Mr. Saha is more than capable of assisting PVEI with getting its affairs in order. With regard to the reverse split thoughts that have been bandied about here: I also believe that a R/S is not in our immediate future. As Mr. Saha detailed in the Q&A, the closure of the following events should occur first prior to evaluating whether or not a R/S should be pursued:

- short term credit arrangements
- Reg A offering
- filing of Form S-1 with the SEC

Also important to note from the Q&A is that the company intends to perform a stock buyback using the proceeds from the financing plan. I'm not sure if the short term credit arrangement, the Reg A offering, credit attached to the sale of cruise packages from escrow or another finance vehicle would be bankrolling that, though. If a split was still required after those events passed, the amount of stock being bought back would assist in determining the ratio to be used. The more bought back, the lower the ratio.

And, based on the following statement from the Q&A regarding the IBC debacle...

"the company has since revamped its procedures for using third party investors to help settle company claims"

...I think the company is now more vigilant towards avoiding toxic financing.

Oh...and for the person who was wondering if a split would affect the Series C certs: I don't believe it would. It should only apply to the outstanding common shares.