Ann: Proposed Drilling & Testing Project WA-424-P & Financing, page-7

Wot, when a farminee wants majority control of the company, or a percentage of the business that dilutes future profits to an extent that the company deems such offers to fall outside their own best interests and that of its shareholders, then they have every right to refuse or source alternative measures. This have now been done, and in a difficult and challenging environment.

If you don't like it Wot, then that's your prerogative, but as non-holder, it shouldn't matter to you as much it does. I know from your previous posts that you mentioned getting burnt on your past IPB trades..Best you don't take such losses so personally so as to avoid harboring any bitterness.