Actually, my original position was a JV as more likely at least several months ago, The evidence pulled me in the directions of a buyout, and I still believe that’s the most likely outcome. But until definitive docs are signed, all options remain open.
Outside of something like a reverse merger, they are probably four to six months from being in a position to uplist. They would first have to reverse split, and then maintain a min bid price for 90 days, and perhaps resolve whatever governance issues that Nasdaq or NYSE surface.
I agree, a buyout wouldn’t occur until after RA approvals. So it is possible that they prepare to list, but I would contend that a buyout would occur as soon as the RA approvals occur, either before, during of after that happens.
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