RE:RE:RSM to Lascaux?Well not much good to speak of at the moment. FT management went to New York a couple of weeks back to negotiate their way out of this mess. The stock was halted when Lascaux stopped financing the mine and issued a default notice. (Bluesky Flyer will confirm the stock was halted to say they did not get anymore money from Lascaux, sorry had to get one last shot in).
As it stands, FT has possibly saved bankruptcy to a later date. They potentially can take back control of Nico, remain highly diluted, and have some money in the bank if they can sign off on a deal with Lascaux. If not, Lascaux takes everything, sells Nico for a few million, and FT goes away permanently.
I do agree with Bluesky Flyer when he commented that a consolidation will likely occur at some point in the future. They will need to recapitalie at some point if they stay in business. Also, a consolidation would virtually eliminate the massive share overhang that the Williams have with their millions of shares.