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.
Ann: DVP & ESS Transformational Transaction, page-141
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$2.25 |
Change
0.030(1.35%) |
Mkt cap ! $549.1M | |||
| Open | High | Low | Value | Volume |
| $2.24 | $2.30 | $2.22 | $1.331M | 591.7K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21799 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.25 | 1656 | 1 |
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