Thanks for the ideal, but I think relying on a private transaction that was rumored almost a year ago may not be realistic.

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Mar 14, 2023·edited Mar 14, 2023Author

Yeah it is not really the main reason I like this stock. If the stock slowly rerates and tensions with the US do not increase significantly, I think odds of a buyout are low.

But if valuation remains low or tensions with the US will increase, odds of a lowballish bid will increase. Maybe somewhere $6-7? They did show a willingness to do buybacks (which actually isn't great with a float this small), so they are conscious about valuation.

And with a float this small, a buyout is quite cheap too, no need to raise a large amount of capital.

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