RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:End Game@bluesteele - Absolutely all the outstanding options and warrants will be exercised if they're in the money when a take-out occurs. The holders of them will still have to pay for them though and the proceeds FCU receives upon execution will add to FCU's NAV and form part of the take-out offer price. FCU shareholders won't sell and deposit and give the company cash away for nothing. The purchaser will have to pay for everything.
Evidently we both agree that FCU's assets imply it should be trading in the $2 range, but if there's no upside from $2, no speculation or forward multiple in other words, then stopping now and selling out is the logical thing to do. There's no point to drill more holes and incur additional expenditures if the share price is capped at $2.