Some things worth considering.
1. Todd's post PIOP failure may well have been to wait and let FMS financial starve but that is no longer.
2. OCJ cant take up any further private placements as it has hit the 20% rule, so it will need to be a different party unless they sell down and then take up a new placement but if your board did that they should be shot.
3. OCJ's fresh placement isnt a threat to Todd and if anyone wanted to launch a take-over then it would have merely meant the Todd offer was a competing one.
4. OCJ isn't Todd's issue, it is the fractured share registry of everyone else that is bugging them and they are trying to clean up right now.
Just don't sell into the current offer and see what the tide exposes after June 6th when it goes out.
FMS Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
(20min delay)