RE:writing on the wallsI'm assuming you have a short position in this stock or you didn't bother to read everything... There is a lot of M&A and private equity investing going on in this space. A LOT!
They've generated over $1 million in adjusted EBITDA last Q, excluding IFRS 9 impact - that's HUGE!
They've been certainly getting a lot of proposals for brands and the whole business, but there is also the option of going private, because the market doesn't understand the value of the business. I know some people in this space and I've heard 1X sales is normal. They will probably have $60 million in sales this year. Currrent market cap is $11 million (!!!) - Need to say more??
Even - EVEN - if the deal was to be at only 0.5 X sales, it would be at 3X the current price, or a potential gain of 175+%... Lucky those that are buying now IMO!