I'm going to respond to this post of HogHead's and then the first person to go off topic above this line I will ban--because I can, or, if I can. I will take the matter of multiple aliases up directly with AG and we'll see what happens.

My point was more to the effect that I wouldn't want to see further dillution to fund Carmax or Arizona. Even raising a few million would cause a significant dillution at these prices.

I agree with your concern over further dilution. That would be brutal at these levels.

However, they have already said they've moved all costs into Desert Fox. It would seem to me that any further raising of funds would therefore be done through Desert Fox. I assume this would happen after a spinoff and consolidation. If they need money before that is achieved there is the option for EE to give a loan to the company that would then be paid off after the spinoff.

I do not know this for a fact, of course. I think it is significant though that they haven't given themselves more options. It seems to show that they mean it when they say there will be no further dilution.

I assume they can't do the spinoff until they can create the appearance of value in Desert Fox and so they are waiting for the RE and possibly the PEA. My best guess is those would be available by mid-2015.

The question for me then becomes, will the tax refund come in the first quarter and will we be able to survive with our current funds until mid-2015?