RE:RE:Shills and guns!I would agree with harel. It seems to me that shareholders here have 2 options:
1. Vote yes, accept the deal and hope that I3E make a success out of the Toscana assets, their proposed new acquisition and their assets in the North Sea. If they do then they could be worth many multiples of their current share price and Toscana shareholders will have something of value.
2. Vote no, in which case the company is in default on its debt - this never ends well for shareholders. The company would be declared bankrupt and Toscana shares will be worthless. Shareholders will end up with nothing.
I realise that at the moment the offer seems derisory and some people would prefer to reject it on general principle or even out of spite. But it seems there is only one way that Toscana shareholders can make some (or all) of their money back and that is by voting yes to the deal, and hoping that I3E go on to do well.
Just my thoughts.