Friday, March 22, 2024 10:20:14 AM
However, the IPSI deal is structured to exchange shares at a value of $0.0036 per share, if not modified and if the parties agree. So, I see the price returning if the merger succeeds, and probably going higher if the financial outlook thereby improves.
I think there will be red tape to get back into normal trading. Somehow, BZWR has been able to keep auditors and their SEC lawyer, so maybe required reports will be filed. I agree with those here that say a return may take months. I don't think it would be years in this case. Failed financing and bankruptcy would end it sooner, would be my guess.
IPSI might not be the only option. Maybe there is another interested party. That could explain BZWR's silence if they are not ready to announce how wonderful and desirable that merger would be.
The big downside, to me, is that BZWR needs to raise capital through investment and debt. On the debt side, I think the cost to borrow has been exceedingly high.
Always be on guard for misleading, deceptive or erroneous messages. I am not an investment professional. My messages are my opinion only, and are subject to change when contrary information is later relied upon. Always do your own research.
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