let's not forget that the PP's Ernesto took had warrants attached to them. Exercising those warrants = money they need. ... TOTAL = $11,926,231

This is a great possibility, because this small dilution is coming anyway. New RE, SP moves north toward $2 maybe, then EE starts laying down the cash for the sprint down the homestretch. I hope it is this straightforward. Would be a very good strategy, but you'd think Ernesto would want a good idea the end is near (or that some sort of big return is coming soon) before plunking down another $11-12m.