ED,,Just to address your thoughts.. I also figured the secondary was needed just as was reported,, working capital,, meaning $$ needed to accomodate immediate production demand.. I also thought of a merger or buyout,,but IMO that's too premature.. There's too much going on too fast at SNDK.. I believe a buyout would command a big buck and the dust is just now settling from Flash Memory and related products becoming "standards"..IMO I would think a major player has a watchful eye on SNDK.. A news release article I read today mentioned SEG owning 25% of SNDK ,,I thought it was 20% ??,, any supporting facts on that??....Thanks for your info .. Best to ya...JW |