explain this

The Directors state this is the best way to achieve growth and take the company to the next level.

Let's just look at the share price and how it has been digested.

With no alliance and an announcement on results I think the shares would have gone to $2.70-$2.90, posibly higher. Interest would have picked up and $4 would be not far away.

They supposedly have acted in the interests of shareholders believing this to be the best path to take, fine, this may be true. In other words this should have been viewed as a great positive thus the price should be higher than it would have been otherwise?

If it is such a great plus for FGE as they claim then the price should be going up past $3. Yet at the same time they are giving us an oportunity to sell for $2.10 with no other incentives which is below market price. It is sending mixed signals about the deal and almost implying FGE is in trouble, looks like a sign of weakness. How can anyone view this as positive when we are being encouraged to sell at $2.10?

Why on earth do we need to be given an oportunity to sell shares, we all know how to sell on market and if CLO want to buy they can do so at prevailing prices IMO.

Now, either the market has grossly misunderstood the announcement and in which case the directors need to clarify a few things or they have dropped the ball. have they put this $2.10 clause in to cap the price and keep CLO happy to ensure the alliance goes ahead? Has CLO held them ransom as the alliance is a positivie thing but CLO may have demanded a cheap entry price for it to go ahead? Are the directors just plain undervaluing the company

Where does this leave us, if all shareholders reject the offer what does this say about management?