a simple comparison, page-26

The guys a multi-billionaire...he probably is the one manipulating the share price so he can buy the whole company with some petty cash when - AND IF - things turn out well with the other permits.

If the Baron wanted less rather than more exposure, why would he issue convertible notes at $1.20 at 5% when the share was trading at $1 the LIBOR was around 5%? This suggests to me he was very keen to be able to take a LARGE stake if and when the company succeeds...and once EPG has esablished a monopoly position...which he would be unable to do by himself as a privateer. This guy is not stupid and does not have stupid people working for him...you don't get rich by handing VERY generous finance unless you can ensure exposure to huge upside.