Thursday, June 01, 2017 7:11:09 AM
The story here is cash flow. More specifically, cash on hand. Should be going from $180M to $300M by the end of the year.
It's a bet, not an investment. What are they planning to do? Well, I think there is only one thing left for them to do. And that is, buy out the minority shareholders. IOW, go private.
They already have the cash. So that's a positive. They should be able to pay us $5/share. After all, it was appraised at $15. There's roughly 20M shares they have to buy.
Now we need a little bit of luck. Perhaps the bank in China is causing problems. Due to strict capital controls. Although it shouldn't be a problem if they go private. So we wait...
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