RE:RE:RE:Option to buy refinery expires.
I think your conclusion sounds plausible.
Some of the stakeholders were perhaps not convinced that the agreement with JFSL could not be improved. As you pointed out in another post: "the conditions that were attached to the amended agreement gave far too many advantages to JFSL and were far too restrictive for Fortune Minerals and its partners."
Or they might had some objections about the financing. (the Lind agreement) An agreement which does no good for shareholders in my opinion. It looks like a desperate move to finance the option.
On the other hand, what if the alternative was no funding?