No, you didn't miss anything, I goofed. Thanks for cathing that. Still, with trading activity not rising above otherwise normal volumes, a potential purchases of millions of shares has two options, if they want in before drilling begins.

1) Buy shares on the open market, and risk driving the price up, competing with onesefl and others in the process, or

2) Take down PP shares, and gamble on profits from warrants.

Option two is the best choice, IMO.