Ann: Appendix 4C - quarterly, page-40

I agree, think it's way to early for t/o. I would estimate at least 5 years too early.
It can't be ignored that it is currently being considered though as an option when you read the last update.
Touchstone should be completely out of the decision making after they get paid out from money raised in the notes but somehow they got an insider on the board.
Just need a few of those tool manufacturers who are holding off because of lack of production volume.
As for the board doing what's in the best interest for holders I would have to hear what they consider the 'best interest' is and whether they will benefit in anyway after the fact.