IMHO there is zero chance that they would sign a deal with a $2.5M penalty if they didn't already have all their ducks in a row.
Certainly this deal is moving ahead. And I think they have buyers lined up for shares at the price that makes the deal fully valued. I'm not sure I would pay that much myself. But the deal is going to get done. And there is such a vast difference between $1.16 and $2.22 that this has a LOT of room to run in the next few weeks.
And they also gave hints as to the timeline. They have submitted their S-1 to the SEC and the buyout will happen just as soon as the SEC gives approval. My guess is that we are looking at most at 1 month.
So, what are we talking about here -- maybe 40 percent or 60 percent return in 1 month? So silly that people are out there chasing pinksheet dreams when there is this sort of money to be made. Not a "10-bagger," but...
I am obviously NOT an investment advisor.
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