I called the office to ask about why EE did not participate. It's because he cannot benefit from flow-through shares because he doesn't live in Canada. Although he could have bought the other non-flow-through shares apparently there may already be a buyer.

I think this came about because someone approached Carmax to buy their flow-through shares and if we put it through CUU we gained a significant percentage of the total shares so it made sense.

The deal has to close by the end of this tax year and that's why they set the date for December 31st.

I was trying to find the overall dilution if those warrants had not expired over the years, relative to this dilution, but I don't want to do the work so I will just guess that we're not that far off.