JanOne Inc (JAN)

[JensHH]

As part of the Company’s overall strategy to diversify and focus on technology, and provide shareholder value, the Company hired an investment banker to pursue strategic alternatives and possible sale of its’ Recycling business. The investment banker worked with outside potential buyers and has thus far produced four legitimate offers ranging in price from the mid-$20 million range to the mid $40 million range for the Company to consider. The Company has signed a nonbinding exclusive letter of intent with one potential buyer and is currently undergoing a due diligence process to secure a firm binding offer for consideration. The Company cannot guarantee the outcome of this process.“
Page 38 https://seekingalpha.com/filing/4138361

6,880,000 Shares and 30 million = 4,36$ per share
or
Total liabilities decreased to $13,118 than 2,45$ per share

Strong Buy