RE:RE:What the hell is happening?It is a very simple risk/reward ratio. If you don't have new cash you want to put towards the new CVR, sell EOM shares for what you can get and use that money to participate in the CVR. If we win the arbitration, the payout for the CVRs is much better than for the shares. Also, the CVR ranks higher than the share payout, so it gets paid out and if the award is small enough, there may not be enough left to pay out to shareholders.
And should we lose, we are all toast anyway...your shares won't be worth much, if anything.
As for a potential buyout, that would depend entirely on (a) the Colombians giving ground and letting the EOM properties to be exploited, and (b) the buyer making good on the CVR terms (or so I would assume, because Tenor is in the driver's seat and won't likely surrender any rights).