Couple of other things for ESS shareholders to consider. If they go it alone what sort of dilution can they expect when the company does the next $10-$20m raise, can management be trusted to do that on decent terms. A lot depends on the drill. Or could they sell of bits of themselves instead.
While the offer of ~56c share might seem low, that is also after a $50m raise, so the coffers are full.
Previous deal= No upside. New deal= all the upside, plus maybe more.
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