So, I take it that you do believe private placement shareholders have been selling over time.

The highest price of gold was $1,896.50 on Sept. 05, 2011 at which time Claude share price closed at $2.03 and reaching a high of $2.29 on Sept. 09, 2011.

Today, price of gold is $1,663.00 and Claude share price is $0.55.

Quite the share price disconnect as related to the price of gold, don't you think.

Something to think about.