It will be a story like with QNCX
Quince, confirmed the takeover bid in a brief press statement. The offer valued Quince at $1.6 per share, for a total of $58.8 million.
The stock went to 1.93…
Apr 10, 2023 1.6100 1.6400 1.4300 1.5400 1.5400 1,479,500
Apr 03, 2023 1.6100 1.9300 1.5700 1.6400 1.6400 2,136,100
Mar 27, 2023 1.4800 1.5800 1.4500 1.5600 1.5600 2,305,400
Mar 20, 2023 0.8380 1.5300 0.8010 1.4900 1.4900 57,274,000
Mar 13, 2023 0.9500 0.9600 0.7900 0.8300 0.8300 1,108,000
Here we have an offer of $17.5 but they have almost no debt and more than 44 million cash.
Total Cash (mrq) 44.15M
Total Cash Per Share (mrq) 26.21
Total Debt (mrq) 576k
Shares Outstanding 1.68M
Float 1.28M
Total assets: 56.22 M
So they will say with cash alone more than $25/share, the price is way too low and they want at least 22 – 27...
