You make an excellent point in comparing a tangible cost (asset depreciation) versus an intangible one (opportunity cost). However, that doesn't mean that opportunity cannot still be far greater in a given set of circumstances. Timing can mean everything. If a company desires to go public, now is the time to do it. SPACs are giving back their monies because the regulatory environment changed. Reverse-merger shells will largely cease to exist come April 2023. What I'm saying is, in the immortal words of Wyatt Earp (Kurt Russell / Tombstone) it's time for Deng to "skin that smoke wagon and see what happens".
The establishment is making these shells go back years for many $ audits to suffice their stringent new requirements. I believe they are working with market making crooks. Bwtfdik?
Not sure of the story of the newbie going from pennies to dollars, but if I was involved in a merger I sure in he'll would do my best to mimmick it.
I assume that was a low float play , but they had a couple 2 billion volume days?
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