That’s a logical feeling....but we are dealing with a lot of unknowns unless you or somebody else can provide insight.
Under your scenario we are exponentially undervalued and at least more than a few hedge funds should pounce....if it fits within an niche they have experience.
I have issues with the foreign entities and their limited market (some entity interest)
The tape doesn’t look good.
Before when i took my massive position the entire scene had a more obvious undervalue element as well as the tape agreed. Now the tape is off and the companies scope is limited to an entire other profession.
I’ll do my best to keep this thought organized...
Your scenario means hedge fund is in play. A hedge fund can push harder than anyone can imagine in our scenario. Small Mc, low float, limited niche market.... extremely limited niche market!
They can test tolerance here; to a point even I have never experienced. Will they? I don’t know, but they can.
I see potential negatives on Friday call; however unlikely.
I don’t see positives though....
I see more of an informative call....but with a mere ~ 50 stock holders I don’t any “new selling”, but is selling already rampant? The tape is not positive, but at same time not clearly negative.
My negative potentials:
A covenant is not met as sale fails.
More cash is required to fulfill net cash requirement.
Jch elects to redeem thus forcing liquidation (this is where hedge fund has field day)
Bomay doesn’t approve and wishes to force dissemination.
Brl is going to turn, but that arguement is mute in the face of current market/currency.
The potential positives:
Co will stem the fray with pro bono work via board
The deal failed, but a lender has stepped forward with fantastic conditions....
What irks me:
Why did Myers paid $4.3m premium on a losing operation?
Why wasn’t it a compete liquidation?
If opmeheiner has anything to do with this??)? Expect hedge fund market volatility....
Tell jch to redeem. And turn this into a low float etf on steroids...both up and down...
