Why would things start to move here? Based on what they reported, the stock should be worth $0.20. Perhaps a bit more.
The equity art dividend could be worth $2/share. But you won't be able to cash it any time soon. And they seem to be keeping those assets off-balance sheet as well.
So, yeah, it is mostly about the preferred shares. If they represent the plantations they could be worth $7 or even $12 per share. But we don't know that yet.
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