As long as s/he's a friendly party, I'd agree w/you, but it's gonna take some strong commitments on the part of Expo and/or ETC. to attract a "friendly party" to take on the company's financial needs, at this time. Although, w/the discount rate they're getting, they really can't go wrong. They'll probably be able to liquidate cash positive, if all else fails.
The big question is if the large shareholder is toxic w/a large tranche in hand who would like to get the price up to sell off their holdings and this is the means to doing so, or is it a friendly party keeping the company's interest at heart?
Not sure if we'll know the answer to this question until it plays itself out.
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