HobacI hope you are not referring to me, as being an insider or, an EUGS shareholder. If you do, then you need to review some of my posts over the years.
I really believe that most of what I am reading here right now is based on emotion. Whether it's about REV management, Wolfgang, Haywood etc. You really have to separate all that and look objectively at this deal.
First, before I forget, royalties are not an option. You sign a royalty agreement and when and if there is production the royalty holders get a cheque for whatever interest they have. It's not about whether or not someone, or another company, feels like it, or wants to, it's a legal agreement.
Okay, on to some of your points. The outstanding shares of EUGS, or REV's % of EUGS shares, really have little to do with the ultimate outcome of the deal right now. The key aspects of this deal to look at are the assets and the economics of those assets. I hope those of you who are unfamiliar with the oil and gas business do not take this the wrong way, but, the assumptions about the value represented here are just wild speculation at this point. We have absolutely no evidence to support the assumptions made to date. What one can find out with some due diligence is that, even IF these assets turn out to be commercial, it will take enormous sums of capital, as well as technical expertise and a very good history of dealing in Poland. Now, Aurelian does have that expertise, so it's important to look at what they were willing to pay for the percentage they got from McCallan. Also, lets remember that Wolfgang is at least familiar with the history and the assets he sold here. This begs the question, where is all this value everyone keeps talking about? And, if it is so obvious, why was Wolfgang only able to get $2.5 million for the % he gave up. If you think this man is as smart as you say, you end up destroying your own argument. If he is that smart, would he have given away such a large interest for $2.5 million?
That is where you have to come back to what kind of deal are we (REV) making here? Let's say we went on with the status quo and did not sell our interest. Where do you think the stock would be a year from now? My bet, at the pace these assets are going to be developed at, probably .03 - 04 cents.
As far as Wofgang's wanting REV shares or any part of REV, don't you think he has made that perfectly clear. He probably owns the majority of the EUGS's outstanding shares, so why would he want REV with as you say a minority interest. Makes no sense.
This is a good deal for REV, and in my opinion Haywood, who I am sure by now is no big fan of Wolfgang, will support this 100%. This is probably the most positive deal REV has ever made. Separate the facts from the emotions and I believe you will come to the same conclusion.
Full disclosure, I have never owned a share of EUGS,and have the same position and cost in REV, as I have for the last several years.