The meaning of "not fair but reasonable" is easily understood. It means that DVP shareholders gain more from the deal than ESS shareholders but, nevertheless, the deal makes ESS shareholders better off. Simply put, ESS shareholders can hold out for a better offer and probably, ultimately finish up worse off for their "dog in the manger" attitude; or accept the current offer and profit very much from the association with DVP which has the personnel and capital resources to develop the ESS assets in a timely and competent manner. I have made my choice. It was and easy decision.
ESS Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held
