BFS comes out first, then RE. We want the trigger to pull ASAP so we know how much we/other people know exactly how much we own. Once that occurs, that doesn't neccesarily mean buyout right away. If we don't get a price that we (EE, actually) accepts than we just continue to do work, such as a revised RE, revised BFS etc. We continue to add value until someone cares to buy us for a suitable price. Adding value before knowing how much of it you're adding value to seems less desirable. As far as I'm concerned, with the large insider holdings, insiders don't care about retail investors or even institutional ones. They don't need to make things "look" good because they don't ever need to come to us for fudning or exposure. So even if things make us "look" bad, but in actuality add value - they'll go that route since the consequences are non-existent. Once CUU is done with, people will see what they missed out on and their reputations aren't even tarnished for future projects.

The way I see it, ES is doing what's best for the company rather than what the people "want". It maximizes his gains, as well as Ernesto's, at the risk of making small retailers like us "disappointed". Meeting deadlines hurts our day to day SP, but again - they don't seem to care as they're entirely about the end game, and as such we should be too.