Let's be clear

1. If theres a PP, we will not hear about it.  That is not industry practice.  Draw your own conclusion.

2.  If there is a PP, it really doesnt bother me in the least.  I dont even know if theres a company ever that has not done multiple PP's?    Especially one building from the ground up.

3.  If a financing is accretive, there's hardly a concern of dilution.   Using shares to acquire or expand profitable, revenue generating assets is something that any good businessman would do.   100 times out of 100.    Just do the math on what gets issued and the resulting revenue.