More than generous as you are in reality paying a token premium for something you already own.

Perhaps its is too generous as cash value is technically nil here?

2.5 million should cover all shares and satisfy the regulators as long as you present an acceptable BOD to reprsent the Shareholder takeover.

Unless you are willing to golden parachute the BOD and Lori's army then sure pay more,but from where I sit and to avoid a sell off to the undeserving and to save the majority of investors that should work just fine.

If you generate cash flow your chances of finding PE $ increase greatly.

Otherwise its an uphill battle to prove up the value with drills when you commit capital to exploration and have no cash flow.

Cash flow WILL put this back in the game !