RE:Strategic AlternativesExcellent post, and I agree with your assessment and strategy. A 50% upside on this stock based on the current 0.21 trading price seems very very likely to materialize with even a marginally positive announcement. If by contrast we get the sale announcement that has been hinted at through recent releases, the upside could easily be 100% from here -- a double.
The fact is that this cf positive company is just a sleeping pile of cash waiting to be discovered by the market that has, for the time being, completely forgotten about it. IMO, this is lucky, since it allows buyers like me to keep making steady purchases. And while I agree with Rock that the halt could come any day now, I don't mind waiting a little longer if it allows me to use my regular income to keep purchasing more shares ;)
TheRock077 wrote: Its been two months since the strategic iniative was announced.
At that time, they already had a recently received written indication of interest from an arm’s length party with respect to an acquisition of the Company’s business.
In addition, other Prospective purchasers had shown interest in purchasing the billing and collection division for cash on the basis that taking on the opportunity in a private setting would permit them the necessary time to give this business a chance at greater growth and success without the quarterly pressures of being a public company.
As a result of this , the Board has decided to pursue various strategic alternatives to enhance shareholder value, including the sale of some or all of the assets of Inspira, a merger or other business combination, the outright sale of Inspira, a spin out, or some combination thereof.
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So, we must be now close to the most desirable option.
Hard book is 42 cents a share , mostly in cash and receivables.
The company is also cash flow positive.
These are metrics of compelling value, which is why I have been buying more.
At some point, we will be provided with an offer.
It wont be below 42 cents.
Brann bought nearly 5 millions at 37 cents.
I am ready for the halt..