I also want to state that we should no longer state loosely that we would take pxp shares without specifying how many pxp shares exactly and at what date , for our 6.8% forum shares in trade. Further , I would refuse such offer if it contains legal language restricting me from future litigation of myself and others to go after the theft of our previous 25% stake forum shares which was diluted in similar fashion.
Extremely important is the fact that the Denison deal was done before the framework was anounced and the expected joint exploration that will be anounced. I refuse to take a .10 cent deal after joint exploration is anounced as the value would be much higher.
There is a struggle between greed and fear going on here. The fear is that they dilute/steal from us and litigation does t go out way so why not take the sure thing now...... and greed is 70 cents now as if pxp and Wallace will overnight change their position on us and allow us to grow to the benefit of fecof in contrary to the benefit of pxp. I am looking for middle ground and a fair price. Some of you have gotten in recently in the last year and have no hang ups in forgoing future litigation for the 40m valuation bit of you stay strong with people /investors like me who have seen this diluted from a 25% ownership, and for some a 30% ownership in forum, there can be a possibility that the courts force ownership back to fecof. Can you imagine if fecof is returned it's 30% or 25% in such a case????? The stock would be a freaking rocket!!! I would rather see that.
I appreciate everything Irish has done in bringing attention to fecof but as I stated before, grouping together in a d12 (my 4.5 mil shares)does not mean I will let Mat O'Malley or anyone else vote my shares away without due diligence and scrutiny. I'm not looking for infighting between us, but we should have a vote before speaking for the group in specific terms of a cash price or in exchange for pxp shares. I personally don't care for pxp shares . I would only consider it if a premium was made for my forum shares compared to theirs. Not at a freaking discount!!! If that valuation is at dennisons valuation then it's fair to note that he did so before the framework was anounced and with each step closer our value goes up, unless stolen once again by pxp. It's a dilemma , I know.
