Jeez it's a sombre feeling on these threads. Anyone could be easily convinced NST have stolen the company at a steep discount to market. The reality is that almost every SH will have been bought out at a premium. That means 99% of people made a profit. Could EAR have made it own their own? Perhaps. But there would be tremendous dilution, risk and a roller coaster of a SP and it could of ultimately failed.
I think people need to step back and appreciate just how good it is getting cashed out. Funding risks, execution risks, regulatory risks, enviro risks... you name it. Now these risks exist on the NST books.
Anyway, cheer up folks, you were lucky enough to achieve what every other spec player hopes for - a TO from a major. Time for the next one.
Enjoy your profits and your weekend.
EAR Price at posting:
33.0¢ Sentiment: Sell Disclosure: Not Held
