I am surprised why the Board signed off on this renegotiated deal with PAM, particularly knowing they will be asking SHs in 7 months to pay 35c for a $6.7m raise with the Options. It appears to be way too easy a deal for PAM unless I am missing something in the numbers. Was it really that critical to move $750k from short term to long term liability column? DYOR.
SPA Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
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