Tuet - I think the assumption back when those options were issued that if the permit was not issued they would not be worth anything as that would be the only thing that would gain share value enough to cash in options. I recall that the reasoning was to keep experienced staff on board and allow us to start up oncewe got the permit...we needed to keep them compensated. I don't ever remember there being a requiement for a permit.

Since that time the expectations for how to gain share value moved from permit to a settlement/deal/buyout/arbitration.

BOSS or Nobear might no better but that was my assessment and I had questioned RM as well. I believe his point to me was that they needed staff should they get the permit and if we didn't then they would be without value.