If each share of SHIP at 10% is worth 32.5m (total cost of 325m for up front finance)
Then 20% of profit for the other 65m seems realistic.
To operate risk free, debt free, cashed up for the life of the project and with the product already sold- can anyone here complain about a potential 30% left?
Comments about what is left for shareholders- what was left a week, month, six months ago? nothing that's what.
If they give away a bit more- be safe in the assurance that any shares purchased now will not be diluted again, you will see profits, capital appreciation and security.
Who cares how they get there- just be happy they are.
As far as the 3B- this will have been a strategic use that neither you or I will ever know about or need to know about- if it is what it took to grease a wheel and get it done, so be it. This company is in a better position than it was a week ago- someone has to profit from that.
FAS Price at posting:
1.3¢ Sentiment: LT Buy Disclosure: Held
