If that is the case MMK would offer about 19 cents today if conditions were the same.
Of course they are not and any offer at current times would be much less than this on account of io price and capital raising concerns.
However, this option offer truly and rudely undervalues the PIOP and Todd can do much better than this even at these uncertain times. It is clear that both Todd and FMS hope this uncertainty plays into our fears with their hope that we accept this option scheme as the only offer possible.
However 5 years from now or even less things could be so much better. A lot of sh believe in waiting to better times. I do too.
Todd have to make a better offer that reflects the better times ahead that they must envision also, if they want it now.
They are not going to bind the PIOP up for a possible 5 years and then when things turn good buy the PIOP at a price that would be a complete undervaluation of the PIOP then. We would wait this long and then witness this?! This is just one of many reasons to reject this offer with all the others that get regurgitated on this forum.
NO is the only option currently and so Todd make us a better one.
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If that is the case MMK would offer about 19 cents today if...
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