My issue is that even if this works out positively to the max, that doesn’t mean that the strategy was necessarily genius. It was risky, and it may work out. It’s possible that this was the only palatable option all along, but I - and I’d assume many other investors - would have preferred a strategy that did more to eliminate some financing risk and uncertainty earlier in the game, even at the expense of maximum potential upside. I’m no advocate for giving the company away for peanuts, but there’s room for middle ground when the pie is as big as this one apparently is.

No matter now, we are where we are. And I think that this deal is going to close and we’re going to be all good, left to debate endlessly between “genius” or “unnecessarily risky”. As long as we’re debating it poolside in Vegas, that’s fine with me.