Is FNC next

I posted this on NOT Board

I think the problem with the FNC financing was the underwriter who is not top tier FNC agreed even though Peter said he did not need the money It could have been closed at a lower price I believe but FNC would not agree to more dilution It would have closed if it was flow through but it was hard dollars. FNC has too many other properties to agree to a take all take over Take over of just NI and chrome by Cliffs or NOT is a possibility IMHO Keep in mind FNC market cap is under 25M (not fully diluted)