From what I remember about accounting, on a basic T Account it would look like this.

ASSETS                                                          LIABILITIES

____________________________________________________

$400 million Cash on hand                                 $600 million loan

$200 million line of credit

If I'm not mistaken the line of credit is considered an asset until it starts being used and would then appear as a liability..Any interest paid on the $600 million or earned on the $400 would show up on another table as an expense or income...

As far as I'm concerned the loan for accounting purposes is neutral, I've contacted my genius accountant niece to confirm my above post.

Tell you guys what..we'll insist that CLL cancels the loans so that we're back to only owing $200 million..THEN of course we'd have to settle on building nothing more, being happy with what we have and pay off our debt. We can then only build as we go , no new debt,,might takes 6 years to start pod2  though.

OR !!!!!!!

we can get rid of the financing deal, get down to $200 million debt, issue another 200 million shares to build POD2 ,, now that would bring our EPS to around .115 ( using last quarters earnings) and considering  our current P/E of 13.30  LET"S see  our new SP would be around $1.53

SO which would you prefer

A)   our current SP of $3.06 and the financing deal.

B)  scrap the financing deal wait 5/6 years for POD2

C)  scrap financing deal issue 200 million shares to build POD2 and see SP drop to $1.53

I think it's a no freaking brainer,,stop whining.