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Re: Basin Street Blues post# 200891

Wednesday, 11/28/2018 11:15:10 AM

Wednesday, November 28, 2018 11:15:10 AM

Post# of 730625
Though I’d rather a long-term opportunity, I have generally been thinking along the same lines for a bit. The mandatory conversion was the first strong hint.

The recent SEC filing RE negotiations and the comp award, further bolstered my own strong suspicion that m&a transaction is very likely.

Additionally, a company in this situation without an m&a option would typically be discussing an active plan to re-list on a major exchange before release of topline data. There is no sign of such planning. To me, this is the biggest giveaway/tell.

Great post BSB!
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