I'm aware of that. It is WELL in excess of 20% dilution excluding the warrants. But that is not a horrendous amount of shares for a junior explorer. I still say it was absolutely unnecessary at this time. In order to get to 107,000,000 outstanding, we are goinng to have to see the shares preform very well. I'll take that. There should be absolutely NO excuse for any further financings in the next 4 years UNLESS they really hit something big. Then again, in that case they will sell that property to stock the kitty. I expect Janurary to be a good month for some news here on 2013 events.