RE:RE:One Consideration.Right. One thing we do have going for us is that this settlement could & should lift the PPS. We do have the open market forces on our side now that this mess has been settled.
This agreement addresses for the most part the mechanics of how the Arbitration would be funded/divided up. The 19% freed up CVRs are "inforce" after the vote at the Special Shareholders' Meeting. Seems the buyers are already determined as participants. We can't do a dam thing about it, the majority is lost. The "participant players" who were holding our best interests has evaporated.
I'd say Rocco, Courtenay & who ever else out of the 13 shareholders mentioned, will be invited into the CVR bargain basement pricing. What at .04 cents a share (I guess, maybe less!) = 27,500,000 shares? This is speculation on the strike price though. Any thoughts, anybody?
The PR/provisions have some unexplained details. Maybe Sedar filing is clearer. Yet really the whole structure of the deal is all based on arbitration mechanics.
How would it work in a buyout deal > mucho DILUTION for sure! There would be enmasse CVR conversion to common shares! I'd be happy with $3.00 US a share at this point. To date we disinterested shareholders have never seen the original Tenor contract with it's fine print and we may never see it. Just detailing my take, not being negative.