RE:RE:RE:RE:RE:RE:RE:RE:Maybe a transaction will be announced soonGood question.
I agree that if the strategic review process for the loan division turns out to be not successful, the best way to do is to return the cash book of the loan division to shareholders and then wind up such division.
The billing division could be then operated as a stand-alone entity if management does see the growth potential as supported by the new Collector Automation Technology. But since there have been offers to acquire the billing division, it could be also sold if in reality the growth potential is not as good as expected.
In any case, by simple maths, the company should be worth around 60 cents. The NAV of the company at 37.5 cents per share plus the billing division valued at 22 cents per share (assuming a $10M valuation).