The company has the support for this course of action from its major investors.
All the money we have raised so far has been from private investors, friends and family.
"My sense from investors is that they want something north of $50."
That development is expected to cost $60 million, to be raised from investors.
The film was made in 2001 on a budget of $1.5 million raised from private investors.
Although there has been interest from investors, he said the price being offered was not high enough.
The hope now is that Western will do well enough to bring in more capital from outside investors.
An additional $2 million has been raised from outside investors.
Nearly 1.9 million shares changed hands, with about half coming from big investors.
The greatest source of support is coming from foreign investors.