RE:TEXASIDIOT
I know you're speculating on the nature of what went on behind the scenes, Sherbrooke1, and even if you did have any proof there was some sort of "quid pro quo," so what? Mr. Storm and friends are taking 11,000,000 of the 13,000,000 units and they're not doing this for their health, and there are only 2,000,000 units left for anyone else to buy.
I doubt your "quid pro quo" hypothesis, but even if it's true, look where are we now and compare it to where we'd be had this deal not been done. We know we're going to get some drilling at Treaty Creek this summer. We know American Creek and Teuton will be carried to the Promised Land, if the drilling is successful, and any success immediately raises the value of the property substantially. If the value of Treaty Creek increases to $100,000,000, Teuton's share will be $20,000,000; that is, 50 cents per share. It is more likely that drilling success will raise the value substantially more than $100,000,000, which, of course, raises Teuton's share price to a multiple of 50 cents. That's not bad, eh?
None of this would happen had this deal not taken place. Sure, a deal with Seabridge (or any other company for that matter) might have produced a better deal, but as far as I know there wasn't any deal on the table (even if there should have been). Where would American Creek and Teuton be now had there been no Tudor deal, had there been no Seabridge deal? What would we be looking forward to? More recriminations? More whining about the past? One thing's for sure, our share prices wouldn't be as high as they are right now nor would they have the promise that drilling success will send our share prices into the stratosphere.
I'm happy with the deal and I look forward to successful drilling. The lid has been lifted from our share prices and our futures are quite promising. Let's give credit to all of the movers who made this happen.