He can buy the same shares right now for $0.02 ?
No matter what he pays for them, I expect he would still rather have the underlying value of what he is buying... remain largely intact.
If his agreement to pay $0.15 a share stands, and the long term underlying value that will result from a share he agreed to pay $0.15 to get... is now reduced from $2 to $1... yeah, he should be ticked. And, he should be a lot MORE ticked than I am, since I don't have an agreement fixing my price.
Otherwise, re the $0.15 per share deal... for how many shares ???
What would be the market impact of buying that many shares on the open market instead of in a structured deal ????
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