Ann: Off Market Bid Update and Conditional Offtake Signed, page-2

So the joint venture partner and the principals in charge of Rutila think it is worth $0.30.

The JV partner has a signed off-take agreement with Shandong - not the JV - shouldn't the JV agreement deal with this type of eventuality and prevent it?

The value of Rutila is in the off-take agreement but somehow this has been redirected to a side-party(JV Partner). How would a functioning board acting in the best interests of the company allow this to happen?

I can't see how this could even be discussed by the board due to the massive conflicts of interest - they'd have to excuse themselves and there would be no-one left in the room.

If Curtis genuinely believes the deal is in the best interests of the company he should be selling his own shares as a demonstration of this belief. He cannot possibly say it is in the best interest of shareholders, push the deal through yet keep all of his own shares.

Curtis strongly looks after his own interests, so if he believes there's value for him to keep his shares I'd suggest that is probably the best course for all shareholders.