Just hypothesizing here but.... What if....
Frontera did this rights offering showing great goodwill to the shareholders by offering a discount of $1.63 / right of CGX knowing that they are backing this no matter if we all exercise or not.
What if....
The price dropped down low enough while half way done drilling ie. $1.65 - $1.70 miraculously before the rights were finished knowing that most people likely wouldn't exercise their rights because the discount wasn't high enough but Frontera was still backing this regardless.
What if...
You were in the know, receive daily reports from the rig, personelle, know exactly what, where, when, how and why.
What if...
You were Frontera, had all of the data points, know what's going on during the drill at any present time plus all of the information including JV conversations etc etc etc, and had a proven track record of grabbing an even bigger piece of the pie from us.
What if...
You were privied to conversations with the government about extensions, changes, locations, wells, contracts etc.
These don't sound like what if's to me. They sound like reality, and they sound like exactly what is going on to me which is really making me wonder if I want to exercise my rights also. Tough one for me as I have a lot of rights that I can exercise but the more I think about it the more I believe they want to have the price right around this level to shake out the people that don't think the value / discount is there for the rights and decide not to exercise. They will be buying them anyways and would benefit from this.
Kinda makes you go hmmmm doesn't it?
Holding long and strong for retirement land here.
GLTA!