Unfortunately the company's track record of making announcement and not following through isn't helping. In addition the PR regarding the LOI is extremely vague and very Pinkish.
So those who are not Ihubbers and have seen the other due diligence here showing this is a significant deal with a state owned Chinese entity have no idea that something big is happening here.
While we might see a slight uptrend over the next two months until the approval I don't expect too much. I would assume the real announcement will provide a pop. I would say a dime minimum maybe higher, I really don't have any idea.
It really depends on new investors and volume. While everyone is excited about the past few days it is really trivial volume. Less than 1% of the OS? That is hardly big interest.
I am very confident that this is the real deal and it will be approved by the Chinese and the future is very bright. Just going to take another couple months.
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