Hey Ken look at this., page-17

It is as simple as

RGN1 is successful, The board have kept their nerve and shown that they can spend precious capital wisely..

RGN1 is a dud, The board as it stands today have shown they were prepared to risk too much precious capital for too little a reward even if it was successful. and once again have shown they do not understand the process's of raisnig, utilising and protecting capital in the capital markets of today's reality

Viney