There’s an awful lot of “what ifs” and what would be pages worth of forward looking potential risks in your post. But factually the share price is 53 cents as we “speak” and those what-ifs haven’t happened yet, and may not for a long time, if at all.
So, if a tender offer for $10 a share were placed on the table today — in real time — it would be hard to image that the majority of shareholders wouldn’t jump at it. I certainly would. A bird in the hand is worth two in the bush.
Having said that, nobody has made that offer. In my opinion, this is just a theoretical and academic exercise.
And institutional ownership is almost non existent (institutional ownership of 0.00003 as a fraction just doesn’t cut it). That speaks for itself.