I think we all realize right now that the toxic de

I think we all realize right now that the toxic debt the company had to incur was a necessary evil. It was probably the only lifeline the company had to stay in business.

So, how does the company now get rid of this toxic debt to Discovery? To do it "the old fashioned way" and "build up the share price" would be nice, but how realistic is that? You suggest that they then sell the necessary shares to repay the debt. While all this is happening the clock is ticking, and while it's ticking more and more shares will have to be issued, and they still will not have raised any additional money to further fund the next phase of their development.

The only thing that is clear to me is that to do nothing now, means more and more shares will have to be issued just to repay the toxic debt to Discovery. The last time Discovery converted 35 preferred shares the company had to issue them approx. 7.5 million shares. At the current share price, the next time Discovery converts more shares, the company will need to issue even more shares than the last time. This scenario would have to be repeated over and over again until all of the Discovery preferred shares are converted. By that point it's conceivable that the total # of outstanding shares will be well over 300 million.

Look, I'll be the first one to admit that I don't like the prospect of any R/S, especially as extreme as is being implied by the company. But I will also admit that I have no real knowledge of what may be up its sleeve. Having said that I'm hoping that more clarity will be provided by the company between now and April 4. It's quite possible that a R/S may very well be what is being dictated by the potential new investor the company may have lined up. We just don't know.