Clearly no confidence in any of the Shells. SQCC is down over 75% since the acquisition was announced. Only benefit is that the lower SQCC goes before a RM, the more shares we'll get for our worthless MLHC shares.
But it all doesn't matter if they destroy the PPS after a RM is completed. Not a lot to indicate they will do anything different, based on the last 8 months.
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