pb lease question

Hi all,

We are already basically out of cash.

We need a hell of a lot more to keep our leases.

Why don't we just agreed to the 25% claim on our leases so that we can access debt base funding and move forward?

At this rate with CR we will dilute by more than 25% do why not accept it?

This will also allow us to join a JV also.

To me, accepting this claom on the pb leases sounds better than Novus diluting our holdings more then losing our leases due to non compliance with terms.

I may be looking at this the wrong way and be missing something but if I was at the helm and if it is as simple as this we should put it to a vote to enable us to move forward.

Others thoughts would be appreciated thanks.