Were the four purchasers associated with Argex???

As of late, individuals purchasing FNC shares were indirectly buying AGX shares at ~ 70% of their market value. This arbitrage opportunity made AGX. vulnerable to the accumulation of its shares on the cheap. It would make sense if Peter Smith resigned from the board of Directors of AGX, if he had advance knowledge that AGX would arrange such a deal to buy back their own "discounted" shares (held by FNC) to ensure that those shares were in stronger hands, and to eliminate or largely reduce any future arbitrage opportunity. ...

This is total speculation on my part...but I am only attempting to make sense of the situation.....yes the capital markets are a mess, but why execute the "business plan" now during the summer doldrums...after all, our management has been hibernating for some time ...why not hunker down and wait a few more months for the seasonal strength of commodities ? We just gave away one of our ACES!!