Market perception as indicated by the share price (if this is in fact a good indicator under the circumstances), may well shift to optimistic rather than pessimistic very soon.
The company continues to prove up. A critical mass of follow through continues to be built. The market may well indicate its confidence in AURC indicated by a PPS rise in advance of any merger/buyout news. Merger/buyout news itself represents follow through.
Given a little more time the company will be able to PR progress that will render your analysis completely irrelevant.
Additionally, the company can take measures to eliminate any naked short position that may be influencing the PPS (either before or after any buyout/merger).
Fundamentals will ultimately be reflected in the PPS. The company is on its way to bringing this about sooner rather than later.
Completely Hypothetically:
AURC is currently approx at $0.06. SGDM is currently approx. at $6.00.
At a 1:4 share ratio (as suggested on this board as possible terms - completely hypothetical - ), this represents a 25-bagger (24 depending on your definition).
To be only a 10-bagger (not too bad!), the price of SGDM would have to come down under $3.00.
If the price of SGDM were to decrease under a buyout/merger scenario (completely hypothetically speaking), it would likely be from previous AURC holders selling for windfall profits. After a decrease, the PPS would then bounce-back to reflect the true valuation based on fundamentals before ultimately stabilizing - allowing windfall profits to be realized ina a more leisured fashion.
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