RE: RE: RE: Very sad to see FIU and .... Yeah I would be hesitant too. The only thing gaurenteed here is 15.5c. The rest is up in the air. So the arbritrage people will be hesitant to go too close to that. Due to time value, and the iffy nature of the second payments, the uncertainty of how much will be drawn from the 10m loan and of course if we will actually vote for it.
Someone big is bailing right now, and I'm hoping for a quick drop so I can salvage this as much as possible as well. Although at this point it is a question how brave I am. Obviously at 10c that's a pretty good return on only the first payment. However a lot can happen. We could have a better offer. Only a small amout on the overall deal would have a big impact in terms of what we shareholders get.
So I don't know. I think you are probably right there colt. On the flip side, if the numbers are tolerable, it could generate more interest in the assets. I am not convinced Dion is just thinking of Gold One and AGA.
Anyway hoping for 10c.