Significantly undervalued, CY20e EV/EBITDA of 1.2x, page-20

Thats a good point, but seeing as how we would already have received our checks from these shipments without triggering the debt covenant we either, didn't use the money or we already used tapped the debt.

Either way if we were ever going to have to raise that was the time and we passed it, they are obviously backing themselves, to get some sort of a pre-payment or confident in our ability to keep shipping, I think calderwood would rather eat glass then raise cash right now.