Moatable Inc ADR (MTBLY)

[downthehatch]

Bought some this morning under 25.00..... I think even if the payout is only $25 (which it seems would be a worst case number). there is still at least $2-3 in value in the underlying company, with Kaixin, the chime real estate software, etc.

S0, my calcualtion is that the absolute MINIMUM value here is about $27-28, which means at $25, you have a 10% gain built in.

Certainly not the screaming buy this was at 9-12/share, but in this market, a guaranteed 10% gain ain't bad.