1. You need the money now (eg., you are a distressed seller)
2. You are impatient and/or don't have confidence in the harvest or future sandalwood market
Certainly it looks like the deal favours TFS + TFS shareholders more than the MIS growers.
Perhaps TFS could have made it a bob each way for the growers by offering them payment in TFS shares so that TFS gets their trees and the growers still get to share in the future harvest if that's what they want?
TFC Price at posting:
$1.63 Sentiment: Hold Disclosure: Held