Revenue and conversion rates aside - the biggest piece will be...

Revenue and conversion rates aside - the biggest piece will be the loan refinancing.

second the constant dilutions and performance shares. If ted continues to top himself and the board up it may do more harm with a never rising share price. If he took the hit to withhold on this area surely he might get more value of a higher share price on existing shares and this would dilute share price issues to alto etc. All a multiplier effect. Doesn't seem like this long term aspect over short term performance shares value has quite clicked.

if we can fix up the financing side at least that is one big vulture gone.