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Thursday, December 10, 2015 10:44:52 AM
I too hope there is some sort of 'sweetener' in the deal, as we have beaten to death the fact this doesn't make sense as $21 mil alone for so many reasons.
That being said, perhaps ZTE's drag it out won as I posted in another comment (simply VRNG realized they had to capitulate due to financing concerns next year).
We can all hypothesize, but the market is assuming that's all there is and the over reaction on share price I addressed in my previous post. I do think this will trend up in the near term.
It won't stay at 1/2 book value and under cash much longer. I see this as fairly valued around $.60 -.70 presplit ($6-$7)/ $60-70 mil market cap.
That is slightly over book value of $58 million currently
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