Ricnat, a few very large shareholders along with Fifer control the majority of the company. I do not believe he is the largest shareholder, but it might be close.
They are well aware of everything that you just posted. I am sure that they are able to influence the company and are satisfied that things are being done this way for a reason.
They definitely control the price in the market place and could release news to bolster the SP to keep it above $1.00 if need be.
Companies do not dilute when insiders, official and unofficial, do not have a specific reason that will produce far more than is lost.
The money that Fifer gets is peanuts to the project and someone feels that it is deserved. The Chairman does not have absolute power.
I am intrigued by the addition of the $2.00 call trigger now when the $1.54 warrants did not have one.
Perhaps you will end up with a 23% smaller piece of a much larger pie. Do not let yourself be frustrated by what you do not know.
There will be plenty of time for regrets if your worst fears come true. Again I say, there has to be more to this than meets the eye, because as your analysis demonstrates, a person would not do this without a good reason. I doubt that you have a lost opportunity cost, my bet is that the smaller piece of the pie will need a much larger plate!
That is the only thing that makes any sense of this action.
AI
