IMO, they don't have the money for NOT. There are a lot of institutions with a lot of shares that are going to want to make a lot of money, more than Cliff can put up right now. I don't think that institutions are going to accept paper in place of cash, since that creates a lot of complexity (I could be dead wrong here). Since Cliff has already spent the majority of their war chest, they won't be coming after Noront any time soon.