Agreed, an internal PP saves lots of time/energy/money. Why should EE put out $15-20 million at once? Cash flow is an issue for all of us, even billionaires, so he keeps putting some gas in the tank as needed. The last $4.8M is not chump change. I would have liked to participate in a PP too, but then again, what's the difference? We been able to buy cheaply for a while here now.
I'm of the opinion that management and the directors are on the same page. They've been at this for a number of years together now. They see the end, and even though it has taken longer, whatever at this point - they have nowhere else to go but find a good exit strategy. I look at the team leading this again, and feel more comfortable than ever.
I guess we'll see ... I'm starting to think BFS by the end of August.