RE:RE:Fairly simple next steps… You missed my point. Of course I know FEC has their own money on the line with those shares and would be "losing" $82 million.
But what is the alternative? Take CGX out at .40 cents like you propose? How in the world does this help FEC? FEC still needs a hell of a lot of cash going forward to pay for new wells in Corentyne. What's the goal instead? Keep drilling one well per year and hope to get lucky on the open markets? Not too mention, it would be an admission to the entire market that FEC thinks the license is worth very little and thus make their life very tough going forward to get a new partner. So yeah, sterilize their shares in CGX so they can come out the "winner"?
On other hand, why not play the game and push CGX higher and get their investment back? Not too mention, FEC share price would probably go up again and their could issue new shares and even have more cash on hand to do stuff in Corentyne.