RE:Terms of Proposed Merger are still up for NegotiationSadly, after realising the $3 promoting and other outrageously pumped estimates won't materialize, many would probably take the 1.5x and then say goodbye to Dev and (most of) their shares. Have to keep some shares just for fun.
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quakes99 wrote: Many of you may have missed this sentence in the News Release announcing the Proposed Merger:
The parties expect to execute a definitive Arrangement Agreement ("Arrangement Agreement") on or before July 27, 2015. If the parties do not enter into the Arrangement Agreement, the Transaction will proceed on and be subject to the terms set out in the Binding Agreement.
What that is telling you is that issues such as the Share Exchange Ratio (Premium) can still be changed in the next 2 weeks as further negotiations between Denison and Fission work on finalizing the terms of the Agreement.
That means you can voice your concerns directly to Fission by a phone call, e-mail, FAX, letter... however you choose. You can tell our Company President, Ross McElroy, how you feel about the merger and the 1.26 Share Exchange Ratio and ask for it to be negotiated higher. I agree with the sentiment on the board that feels that 1.26 is too low, as it does not fully account for unpublished value in an updated Resource Estimate for PLS, or for the Valuation that will be demonstrated in the NI 43-101 Preliminary Economic Assessment.
Personally, I think a ratio closer to 1.5 would be more acceptable to me and most FCU shareholders. Perhaps you should let our Management know how you feel too so that they can negotiate a better deal over the next 2 weeks.
There's still time to change this deal, despite what all the misinformers are telling you.
Cheers!