Ann: Underwritten Rights Issue - Extension of Closing Date, page-7

The way I see it I want Whiddon & Burton to get some serious skin in the game and making sure they get all their short fall underwritten stock is best way to do that. Remember Whiddon is currently long at much lower levels and Burton is long around these levels (implied price of approx $400 an acre when Burton/TSV/TMK first bought into the region). And if those 2 guys get the 200 million shares they've sub underwritten that will take a fair bit of this new stock off the market going forward.

Technically below 2.4/2.5 cents I'm not a buyer, 2.4 cents is the new 5.3 cents sigh.