Maybe he thinks the liquidation value is more than the stock value and he wants to liquidate IWDM like he did (unsuccessfully) with MATH a few years ago.
Maybe he wants the public shell to reverse merge another company into, thereby eliminating the costly expense of taking a company public from scratch.
Maybe he thinks IWDM is the worlds greatest company and is a bargain here. If this is the case strange that we are not seeing his fund or himself defend the company or buy stock on the open market to keep the price up.
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