Hi, I'm new to ATI. I read quite a bit about the company lately....

Hi, I'm new to ATI. I read quite a bit about the company lately. To be honest I was shocked when I learned they had issued a note paying 11.5% interest. That should translate into payments in the amount of roughly 10 million per quarter. I understand they have reserved enough cash to pay roughly 4 quarters of interest but are you confident their cash flow will be sufficient to sustain further payments? At the same time they are considering the installation of a
high purity vanadium pentoxide cycle and implementing minor modifications of the cmb plant, while deferring product shipments a bit further into the future.
Don't they have a credit line to draw from in order to cushion the impact of events like this? Do you see more capital raisings coming before summer 2012?
I'm not suggesting anything. I just want to understand what their plans look like. BTW, have they published a cash flow figure that they expect to be generated from sales once production is at name plate capacity? Thanks a lot and good luck!