I emailed Nader to see if I could get a little more clarity. His response was that the TO deadline is today and that if they choose to extend it or offer a new TO under different terms he would need board approval. That could be tomorrow, next week, month or never. I did not expect to get to detailed an answer but this does explain a little. To me it sounds like the TO did not raise 70-80 % we were hoping for. I do feel any cash raised this way is much better than the old dilutive way.