I think a debenture has merit.. IF funding is necessary ... We have the value.. BUT.. Look for clauses that if a default takes place "the Hand" falls and takes all.. Remember Pine tree.. Debenture holders took total control of the company.. The share holders in effect were taken out.. So yes a debenture may have merit but not with draconian clauses.. A question of negioation and for the company to have an exit plan if things take a little longer than represented. Just a thought. TPower