Just read in the west a short piece on the chinese over for Nobel,
Apparently they were to buy 40 odd % plus receive options that if converted were to effectively give them control (over 50%) on a fully dilute basis.
This is another scenario that our board failed to consider.
Why don't we sell Shandong 40% at 5cents and grant them options held in escrow for two years and exercisable at say 7cents.
Again everyone wins.
So many possibilities for us all to share the cake yet we seem to have been railroaded into this deal... Doesn't make sense to me
Davo
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