Nick the most unfortunate thing about your post is that you may be correct.  At $24 000 000 MTO will be negative cash flow of $12 000 000 (ask Marg.)  Just who is going to lend MTO $12 000 000 after squandering their last three PP's and have got to a point where a director has to pitch in the last 41 000 shares just to get the deal closed.  We can't afford another punitive financing carring an effective 25 percent interest rate.

To go back to water handling issues for just a second, you are really showing your ignorance when you think a plumber is required to build water retention ponds.  An engineer is required not a Marg the plumber....