Z- totally agree with your EV and think its reasonable for the "times" when applied to the right buyer.
My simple logic, the "bollinger bands" on the deal at 200M fully, is $1.90 top and .85-ish/sh bottom...with a bias toward $1.55 ( the upper mgt. option area) so I am a buyer here. Small lots because w IMSC, you never know what the heck is going to happen.
But it could unfold like this: stays under 78 cents the entire time until the day the deal is announced.
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