I have read most of the comments on refinancing and thought I would add my two cents.

I see no need to refinance at this time and I also think it would not be a smart thing to do ! My feeling is that the ARU price is very undervalued and any refinancing at this $ 8 range would not be beneficial to all present stockholders.

If we are so close to a deal, as so many have said in Safe's poll, then why in the world would you want to finance now, when you don't need the money to get through this entire year at the current burn rate. Financing because you have a need is one thing, but financing to "dress up " your financial statement should only be done at very high stock prices ( ARU is way undervalued now).

The best time to finance this baby is when a deal is being seriously talked about and the stock is flying high....also the intent would be to get money for the spin-off company ARUII . A financing at $8would not be a smart move IMHO !!