RE:NR FinancialOversold now as market treats $6.5M collectibles as complete loss. Yet it is just an accounting trick.
The company will now find the best deal for the billing division. Recall the last LOI they got was an offer up to $10M. Presumably, the final offer we will be getting should be no less than the LOI.
Plus $11M hard book we have, and let's say we only get $3M out of the $6.5M collecibles.
The math will be $10M+$11M+3M=$24M. Now trading at $5M. Go figure yourself.