Clint. Most flow through financings are done at a premium because the investor gets to write off 110% of the investment in the year they do it.
I would suggest also that there is no emergency to do a PP this week and that over the next 2 to 3 months things will improve to the point that a flow through PP is doable at a decent premium.
I would also guess that management and friends would be the significant partakers in such a PP