RE:How terrible is the buyout deal ?In addition, the maximum cash buy out is $4.3 million. So if you want cash for your shares instead of FTG shares only 4.3 million is available. With 39 million shares outstanding times .34 cents per share would be the $13.2 million amount quoted. So in effect Ftg purchase is 4.3 million. And not 13.2.
Maybe I'm missing something? But at this point I'm voting no.
I'm actually feeling scorched earth and would rather have zero. Is that crazy? All the directors will have a bankruptcy on their record and good luck getting another directors job.
Also I would love to know who is buying all the shares at 31 cents. Seems like a lot of work for a 7percent gain between now and January especially if you were hoping for a cash payout and you get shares instead.