They are better off with the cash anyway, the value of shares was less considering the inflated conversion price, and waiting 2 years while FURA spend millions trying to find commercial quality rubies is obviously risky. Don't forget how much MUS went through with their pilot opperations.
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- Ann: Amendment to Fura Gems Merger of Ruby Assets Agreement
Ann: Amendment to Fura Gems Merger of Ruby Assets Agreement, page-25
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