Shelby, funding decisions rest solely with the board. The only...

Shelby, funding decisions rest solely with the board. The only exception being that anything that dilutes by greater than 15% requires shareholder approval. But their is no onus on the board to accept offers especially under the current circumstances. The level of funding Novus/Booth are willing to commit over the 6-18months is unlikely to be matched imo. And their are no strings attached. They don't even care about the legals.

Perhaps a compromise is companies should continue to decide at their sole discretion, but be forced to disclose to market that an offer was received. But not outline the actual offer due to cinfidentiality. Most people could probably accept that.

Agree with Nosy, the legals aren't something that will be swept under the carpet. This is a very LT recovery. And I'm not sure we've seen the bottom just yet. I doubt it.