RE:RE:RE:RE:RE:RE:Common Complaint Dudes,
You are just wasting your, and reader's, time arguing about things that are now irrelevant, or just make no sense.
In the process you forgot about certain facts, such as:
1. RMP has initiated a process to review strategic alternatives...
It's a simple fact, so never mind why did it happen and whose fault is it.
2. RMP has retained FirstEnergy Capital and Scotiabank as its financial advisors.
This simple fact means that the fate or this company now rests in the hands of above institutions and the marketplace, of course.
The management will be in the loop, among other things, meeting with interested parties, making presentations, etc. It's more or less a standard process and RMP is not the first or last company involved.
As far as existing or new shareholders, the real issue is the potential outcome. Is it worth betting on a 10% or 30% or X% return in 2 months? Is there a high risk that there will be a complete lack of interest, neither for the entire company or it's non core assets and no transaction announced before end of October.
I am betting that there will be a reasonable offer. I don't think it will exceed $1.35 p/share because of Options but I'll take whatever it is... Win or loss or breakeven, this will be over and proceeds re-invested.
There is also a chance they will sell Kaybob, Pine Creek and all remaining non core assets and get off the hook as far as $105 mm net debt vs $100 mm line.
Others may short or simply stay on the sideline - it's our choice.