I agree with Champ- The current SS, without needing any kind of modification, had plenty of room to get this deal done.
From communications I've had, management is very aware of the past history here, and of the long-term, old-timers sentiment that was inherited from the last CEO (Mr...... ummm..... not important). That sentiment being- "We were treated horribly before, and expect the same......."
Adding acquisitions to RENU, and initiating projects (revenues), IMO are being done very cautiously and systematically, to ensure that shareholders are shown respect and a brand new direction in management style.
I was skeptical when TEI first took over here. Read my posts. Didn't care, wouldn't listen, just wanted my money back and I'm gone. But as things progressed, I got an email through to Don and got one back. I've kept in touch with IR on a 2 way street- discussing my side of things, and listening to their side of things. Got back into doing DD, and my attitude is changing. I think I'm a better investor now (School of Hard Knocks), but at the same time, management is going beyond what is required, knowing the past history here.
I'm in touch with a lot of RENU shareholders, some old ones, some new ones. I know what the chatter is in the trenches, and I know it's turning for the better. A lot of that, IMO, is because shareholders here aren't feeling taken for granted anymore.
If RENU increased the SS in order to get this deal done, I can guarantee you, they will pay for it and they know it. With that being the case, I honestly believe they got it done, and probably got it done on the cheap.
Quarterly fins can't be too far off. PR said they will tell us. I'm willing to wait and see.
Best of luck
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