Pure speculation that someone else would have paid more. When I look at this deal I can't help but think TUF is getting the raw deal. Energizer gets a share of the company that can't be diluted for 3 years, plus cash. Management just gassed up the car. TUF is about to do a PP to raise cash for EGZ and to explore EGZ's property. How is that bad? We don't dilute and we get a bonus. Things are better for us than they were Thursday, but people still complain.
"This would be $2 per share by now under the management of a ladies bridge club."
LOL! Precisely why I decided to start selling. These guys, as far as I'm concerned, are crooks...and not even good ones at that. They've left themselves open.