I think $250m is a stretch because CalAmps took out Synovia Solutions for $50m in cash in 2019. Synovia Solutions did about $28m in sales in 2018, so this is a good benchmark when looking at exit valuations for IGEN.
A 10bagger is still f**k you money for most people if you have tens of millions of shares.
While I’m probably 6-12 months early in talking about buyouts and M&A, there is no doubt this is the end game. Richard Friedman needs a liquidity event to exit his 32m shares (he is not going sell them VWAP in OTC). Neil Chan specializes in creating them.
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