"Oligarch list" killed this company IMHO. Abramovich scrambling to get his $ out. Easy enough to invest in Canada, Mexico, China (Dewasi (Beijing) Energy Technology) where he doesn't have the same risk exposure
"The Asset Sales and the Share Repurchase allow our stockholders the opportunity to potentially capitalized on our future business endeavors as opposed to losing that opportunity in a liquidation or bankruptcy in which only Ervington would receive any proceeds".
These are the facts. Be happy that they plan to acquire a new business. It could have been worse.
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