Same here. I think its worth the chance and as said, these negotiations will take time. It may even drive the price up even more, considering the 49 million shares the partner is positioned with. At the moment, that represents 25% of all the shares and that would be a BIG NO considering all shares represented.
Consider this. What if the 49 Million representation said, "we'll sell at ...... .84 (double)? Or even more, considering he has a stronger position in the lease agreement. I've read this agreement over and over and see several loopholes, again, one being theree is nothing stated or implied in the event of a buyout. So I put myself in his position and know that I'd 1) lobby for more and 2) use my position in the agreement as leverage to get more.
Its a chess match. Seeing this for what it is, I believe we'll see a PR that states this is being (or has been) negotiated and an agreement reached.....with the proposed agreement or THE agreeement in hand.
I'd also venture to say the purchaser is 1) well aware of the probability and 2) well prepared for the counter offer. No Fortune 500 Company will venture into this without doing their risk profile and their legal is certainly up to their elbows in all this.
So, I moved my auto pilot to buy (a lot) at .026. Without a PR, I think all the shorts will sell out if it drops much further and wouldn't be a bit surprised if the downslide scares off many of the longs too.
27 more trading days to the deadline, so I can handle it.
Good Luck
