Bought in at 3 cents. Buyout rumors swirlingThis company is on my radar screen after hearing some strong rumors about it and I got in now after today's FSW and DIL-related pullback. The link to their Jan 4th news release:
https://tmx.quotemedia.com/article.php?newsid=37237600&qm_symbol=FUT
One partial sentence in this whole maze of a financial transaction is the key:
"The Company sold the Processing Division for $8,000,000".
The people who bought this piece are looking to buy the rest of the business and turn it private from what I hear. Right now the market cap is $5M. A good chance it gets bought out for much more than that.