Verisante Technology Inc V.VER

Expectations

[operator5]

This company was at liquidation point, if memory serves.  The management team found a brother in law deal to revive it.  The management team was one side of the negotiating equation.  The other was the brother in law.  From the details presented, does it look like  a bad deal?  The only material item I have seen suggested on the board is the amount sought to be raised, and that smaller chunks would be better.  Did management try to get that?  What leverage did they have to force something like that if the other party wanted the security of the whole thing being paid for?
Does anyone think that management could sell a deal to sophisticated investors at over market price?  How does one sell a deal like that?  The current price is an indicator that investors, like me, are waiting to see what the final deal will be.  No one wants to be caught holding the bag, so the price of the whole deal slides down.
My point is, and has been, is this deal a good deal for the company?  This will be a buying opportunity after it is closed, not before.  I will be underwater relative to the majority owners that come in for some amount of time. Then it will be priced based on how good the acreage is rather than some quick flip financial trick.