Further...
...just what was/is the value of the leases stolen from us?
(1) Was there an income stream, before the leases were allowed to become environmental liabilities?
(2) Just how much potential income did PGPM forgo when ACLY took these properties?
(3) Was an independent apprasial made now, for the preferred shares plus cash, or did ACLY board just come up with a figure they think PGPM might be dumb enough to accept, without questioning it.
If, repeat if, ACLY cannot advance on their financing with the Swiss group, then they desparately need to settle this. Make a counteroffer, based on $10 million and the market value of ACLY shares.