Verisante Technology Inc V.VER

The News...

[operator5]

This is more or less what I expected.  As was stated wonderfully in a prior post by another poster, Vecta got into a deal due to its officer/director relationships.  It wasn't a free deal, but then, what is?  The fact that it is apparently being priced at market or thereabouts (if I were a classic private equity investor, it would be at market and a discount) is pretty phenomenal.  The fact that the market doesn't like this deal is interesting to note.  If the CO2 part is even remotely close to real, it makes the deal a 50 cent stock at least prior to dilution.
I read a lot of criticism on management on this board with regards to reporting behaviors, but it was pretty light on substance.  What would you have done differently?  Putting out weekly press releases that things are progressing?  How would that have changed the current scenario?  Would the stock price be higher, or would everyone be complaining about lack of substance in the press release?
Second, how could the management sell a deal at a price higher than what the trading price is?  Would you invest at a substantive premium to what you could buy the shares on the exchange for?  Clearly, management thought the release and the description would bump the price.  I thought the PDF was pretty well done.  Their position seems very strong from an acreage and capability POV.  What is missing, then?   
I got into this because it was as close to a Pure Play on this trend as exists, and it seems hugely undervalued.  Raising 32 mil is no mean feat, but I have no doubt they will get it done, because the price is so low.  I wish it were higher, but there would be a point where the price would be high enough to cause some me concern on closing the cash deal.  
This deal, with cash in the bank, is a keeper.  This deal without cash is not, nor is this company without this deal.
What am I missing, other than sugar plum fairies?