I've been thinking about this merger. I like it for all of the reasons expounded here, except for the fact that I think our resource was worth more of a premium. So here's some thoughts:
We get that $15 mil loan no matter what correct? Even if the merger is defeated by shareholders we get that.
According to the merger info, ECU needs to have a shareholder approval of 66.67% AND the shareholders, warrant holders as a class also need to approve this with 66.67%. That a high percentage necessary for approval.
What if we got together as a group and said we would like a higher valuation of our company, say 1-15 instead of 1-20? Do we have enough shares represented here on this forum to actually accomplish this? One third of 300 million is 100 million shares. Am I way off here or is this possible?
Just thinking outloud here. I sure would feel better getting some premium for something I know has emmense value.
