Let's get down to fundamentals. For an IPO, you need audits, then a consolidated balance sheet and consolidated financials, legal opinions, and then an underwriter. This is October. Time has run out to do all of that this year. No one in their right mind does an IPO right after Christmas and while people are doing their taxes. Add to that the uncertainty of congress extending the tax cuts which will have a major impact on any IPO. That means the probability of an IPO before next April are very slim unless an underwriter is in place now and HOTI is in no position to have a real underwriter in place. Check back next March or April for a better prediction.
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