Communications Systems, Inc. (JCS)

[GArnoldo]

By my estimation, the Pineapple Energy merger (a solar panel and battery storage installation company that JCS would turn into), which gives each shareholder one CVR (contingent value right) for every 1 share of JCS they own, should pay out at least $1.50 per CVR guaranteed [$10m in legacy cash + $6.8m Minn. bldg. sale distributed among some 9.7m shares outstanding] after the merger is completed (the last remaining detail is to get 3.67% more votes for Proposal #1 on Wed. March 23, 2022). In other words, buying the shares of JCS now, in order to get 1 non-transferable CVR per one share of JCS owned at the time of the merger, is like paying the current $2 per share, and then getting $1.50 per share back a few months later after the fact! Stated another way, it's like paying 50 cents per share (the approx. current $2 share price minus $1.50 CVR payment) to get in on a cutting edge solar company that's growing in Hawaii and that wants to expand to California and across the nation! Sounds like one heck of a deal to me!