RE:RE:Take underWhile I agree that Stathcona will be attractive for new investors, if you think this wasn't a "takeunder", then you haven't run the numbers. It undervalues PIPE by about 50% and overvalues Strathcona.
While some suggested we should have gotten close to 20% of the new company, I believe 15% would have been fair. 9% is an insult.
PIPE's share price is falling because everyone sees that the deal overvalued Strathcona.