L Spesh,
OK, if the total of 80 includes 15 for "operations" then we will not need another 50! With Gottsy's 6 for options, then 40 will more than do it.
How they raise it? well, that is for the gods (board) to decide.
I still prefer a mix and no hedge -- time will tell.
Of course if they can raise it all with no hedge, then one will be happy to buy at market.
falko
Thanks Gottsy, did not account for that.
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