Ann: FBR & BKW extend Shareholders Agreement negotiation period, page-124

Just crunched some numbers

5/2/19 (SP=11.5c) FBR signs MOU (45 days)
7/2/19 (SP=13.5c)
MOU = SP has a 17% increase or +$24M Market Cap

25/2/19 (SP=13c) FBR Raises $17M @ 10.5c (13% dilution)
18/2/19 (SP=10c)
CR = SP has 23% decrease or -$21M Market Cap

20/3/19 (SP=10c) FBR extends MOU (45 days)
25/3/19 (SP=7.8c)
MOU extension = SP has 22% decrease or -$21M Market Cap

Market Cap Summary:
MOU: +$24M
CR: $17M raise = $21M loss ($4M oversold)
MOU Extension: -$21M

The MOU has lost 87.5% ((21÷24)×100) of its market value since the extension - Currently the MOU is almost worth nothing in terms of the current Market Cap.

When we got the MOU we were 45 days out but up $21M

We are still 45 days out but only up $3M

Thats an very emotional market response to the extension and i personally believe we are Fundamentally oversold by $21M

Discount what you want in terms of uncertainty