Legal costs will be interesting.
I would assume that WPL will seek costs given they were the defendent and it appears that PE rights never even existed in the first place.
Couple this with the fact that PC had long held the (public) view that FAR were rent seeking with a frivolous case makes me think they will definitely seek costs and be a good chance of getting costs awarded to them given all of FARs claims have been rejected.
Add to this the rumblings of a class action, the probable delay to first oil that PE has caused, the low priced cap raises caused by PE uncertainty, the expensive debt that PE likely caused FAR, along with the fact that FARs own legal costs would probably be past $5m makes PE a very very expensive venture, probably in the order of a cent or two cents per share all things considered - particluarly the dilution
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52.0¢ |
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Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
51.0¢ | 52.0¢ | 50.0¢ | $79.61K | 155.1K |
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3 | 39538 | 51.0¢ |
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1 | 47000 | 0.485 |
1 | 1999 | 0.475 |
2 | 92553 | 0.470 |
1 | 3000 | 0.445 |
Price($) | Vol. | No. |
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0.520 | 306286 | 4 |
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0.530 | 101005 | 2 |
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