takeover target, page-10

bravo,

here are some idle thoughts for what they are worth.

the most obvious is that they need to place 10+% of stock with someone that is friendly but if they did that now they would raise a mere $4 million but obviously thats a short term pain for the longer term gain of realising your potential.

they could also farmout another 20% to a friendly for $x and also place 10+% of stock with them. that will reduce your costs, give you protection and leave you with control at 60%. you could also have an agreement that in 2 years you will farmout another 20% to this entity at the market value prevailing at the time which will be an insentive to be friendly for at least 2 years.

im sure there are other ways.

one thing is for sure, i dont want BG to become operator.

cheers