What if Lecky says "for the good and continued health of the MMP, Alliacence & retaining TTC we HAVE to merge... and the only way is at .35... otherwise we shut it all down"?? It could be stated/spun such that a lowball merger is the only way to keep both entities viable. That the BoD would be breaching their fiduciary duty if they DIDN"T do it!

Please say you wrote this on the spur of the moment: I respectfully refer you to the Master Agreement.

Perhaps one could play "What If" with 8 million shares, a $650,000 dividend cushion, and a desire to increase that shareholding?

Be well