The CN plan is quite simple. You own 14m shares, that means...

The CN plan is quite simple. You own 14m shares, that means 1.4m.

You raise 10m via CN without any risks attached. The capital would eliminate the risk at Troy (and it would be way too much btw.) and as it is debt the CN holders would bear no risk. 10m at 15 cents is the same upside as 6.7m invested into shares at current prices but without any risk. And 6.7m is way much more than 1.4m, there you have your motivation. And you can acquire all of it if you handle it.

That deal would take advantage of us existing shareholders (RAMcap would be no existing shareholder despite their 14m shares because their likely CN take-up would be much higher). Ok, it would also eliminate the remaining risk. It could be a deal.

What makes this a deal-breaker is that maybe they are not that unhappy with current directors but would be more happy with their own candidates effectively taking control of the company on top of the conv. note raising.

On top of that I want to keep the same guys that probably got shilled to the bones by past problems and are more immune to making stupid decisions in the future than 08/15 replacement candidates would be.