I think Jamietrader makes a good point. Gerald obviously seems a lot more confident now that he has come out of hiding. He is also back on Twitter. So I think I agree with Jamie that he wouldn't be doing this if he wasn't pretty sure he could get the additional funds to complete the tender exchange. I think it is obvious he is wanting to get the share price up as much as he can through his pr's and the presentation last week, since we know the higher the price, the less dilution we will have. So I think it's plausible he is waiting/hoping the price goes up some more before pulling the trigger on any more funding.