RE:RE:RE:RE:RE:My Best GuessBlew through all my spare powder @ $1.12. If the merger was cancelled, we'd be at a run rate of around 36-40M with a market cap of around 113M with positive earnings, which would put us at a roughly 2.8x earnings multiple with little debt and Bilistine approval forthcoming.
If the merger goes through, as of right now, we're at $1.36. So, again, regardless of what happens with the share price - it can go down to 25 cents - it doesn't matter, you get your 0.1455 against POZN which seems to be heading north on average volume.
Apart from any insider knowledge nobody on this board has, I fail to see the reason for the selloff. Only the people doing the selling can tell you that. And if they know something we don't, they're guilty of insider trading. So ...
Surprised TMX hasn't issued a warning or a halt yet. I'd be more concerned if POZN was down 25%.
Definitely a weird one.....