Monday, July 19, 2021 8:38:27 PM
The only reason for a R/S would be if this hovers in the $2.25 range too long and they needed to do a 1-2 split to push them well into NASDAQ. And if they did, I don’t expect there would be a negative if they are cash flow positive and showing revenue growth like we expect into next year.
At $2.25 which I think they can reach on their own, many of us would like to see if Nasdaq could bring it to $10 or $20 or solicit a buyer.
If we’re at 200MM now and if someone offers 1BN would you take it? That would be about $2.30 per share. For me, I would if it would allow the other company to grow more and be a higher benefit and happened sooner than later. I think they could hit 700MM on their own without a buyer in 12 months and 1BN in 2-3 years.
I would almost wish they wait for nasdaq until they had another bull run to push them into the spotlight.
I bet they are being asked for a sell offer.
But under $2.50 per share would not be great unless they merged to Nasdaq and the combined company would double in price afterwards. Double including the price for sirc.
I don’t think they would do a RS from $1.50 to $3 as it gives no head room. So I expect at least $2.50 in the next 12 months.
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