RE: the recent financing. These were not flow through shares with a tax advantage given to the placees like the October financing was. At least it was not presented that way in any of the press releases like the October release was. That plus a chunk of this was taken down by US investors. So I believe there was no tax advantage to the placees. They are paying what they are paying with no passback to RR for the tax burden. Also, the numbers in the article you referenced don't work out. Maybe typos or they were using different numbers in the ratio calculation.