RE:RE:RE:RE:Email Campaign - dev@fissionuranium.com and ross @fissionuraQuakes - Maybe you can help me out here. I thought the exchange ratio was negotiable up through today. My way of thinking is that if up through today Dev goes in requring a higher exchange ratio based on shareholder feedback and the deal falls through today because FCU and DML cannot come to an agreement on a higher ratio - the deal will fall through without a break fee.
Am I wrong?
It seems to me that Dev has got himself in a mess - If the ratio does not change substantially he loses the vote and as a practical matter does not stay on as FCU CEO after the voting in October. Futhermore if he can only change the exchange ratio by incurring the break fee and proceeds to do so - he's out now - as to me this would be a clear case of malfeasance.
Bottom line - this deal as presented is not good for FCU shareholders. and as far as Dev - how (at least practically speaking) can he lead a company whose shareholders vote against his strategy?