You've brought up the brighter side I see. I agree on all points except Grant being out, he doesnt seem to be the kind of man to just give up on things looking at his track record and the time theyve spent on this endeavor, especially with all the adversities they've faced.
The suspension was prior to the merger and therefore if they actually do merge with the insd shell obviously being ce'd, which is somewhat 'fixable' what are the costs associated with the fix, be it optically and the financial aspects of it, let alone the additional time of it all etc will be expensive and likely cause them more grief then staying private and dealing with the repercussions of that alone.
If I was Grant and or had a shareholder vote on the decision of the next move, seeing as where they are now and what they'd end up with after the merger, the lessons they've learnt and the foresight they have with what they have left I wouldnt merge, obviously. I'd leave the company private, very likely pay dividends and create a stronger experience breeds excellence narrative, continuing to build the company as they have and then reevaluate it as it comes and plan for another listing after the court hearing is dealt with.
I can't see them coming this far to only come this far, theres too much at stake to lose, too much to gain, its a shit or get off the pot scenario now more then it ever has been mind you and theres lots of investors likely waiting to hear what the next step plans are as am I and us all.
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