Per my prior post, Red Oak will get long term capital gains tax treatment if they hold their stock at least one year from last May so we should expect a transaction in the May-June time frame. They've hired an IB to undertake a sales process, so there should be a transaction unless they don't get an acceptable offer. As their share cost is only .19, it seems likely they'll get an offer that will make the investment very profitable for them--so I think a deal is likely.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.