The people that bought the private placement,by getting NO discount to the then price of 4 dollars, gave a huge vote of confidence to the current management in being successful with creating huge value for the stockholders in the future
But why not take this one step further?
What if Potash One was already entertaining some serious "sniffing" from one or more majors? I think they might have the Strategic Assessment Study from Ercosplan in hand, it was due at the end of last year. No sign or even mention of it though... hmm. So with all the sudden interest in this sector this year maybe a buyout all of the sudden looks alot closer than anyone thought back in November. What would the board do in that senerio?
Issue options? 2008-01-29 Do another private placement so everyone is onboard at a good price? 2008-02-21 Do some posturing? Like maybe appear on BNN to highlight the company? 2008-02-22
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