underwriting agreement, page-22

Just to clarify:

The underwriting of the options - Good

The 5% Fee - Bad

To Pats - not that good

It should have been a negative 25% Fee.


If you don't need the money right now, then why raise it now at what could be described as a really bad price. 19 cents, when we could raise at 25 tomorrow. Maybe at 50 cents in 6 months time.

If we're going to cop a pat's pineapple now, what will happen when we need $50 or $100M?